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22-04-2024, 06:24 PM
#9341
Member
I would have thought John would have given the shareholders an update by now.
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23-04-2024, 08:39 AM
#9342
Originally Posted by sandi
I would have thought John would have given the shareholders an update by now.
Jonu was dismissive of Delahunty's claims that the access road needed to be widened, as she put it poorly, comparing it to a motorway.
But perhaps there is more to gaining access than we are lead to believe?
As you say, either way it would be good know.
Getting information is like a trip to the dentist!
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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23-04-2024, 03:16 PM
#9343
Originally Posted by Daytr
Jonu was dismissive of Delahunty's claims that the access road needed to be widened, as she put it poorly, comparing it to a motorway.
But perhaps there is more to gaining access than we are lead to believe?
As you say, either way it would be good know.
Getting information is like a trip to the dentist!
My take is why give away 'intelligence' to the protestors. A bit of a balancing act between keeping shareholders informed and protestors even more ignorant. I'd be happier though if the imminent quarterly shows substantial progress with processing route.
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23-04-2024, 03:19 PM
#9344
Originally Posted by Paint it Black
My take is why give away 'intelligence' to the protestors. A bit of a balancing act between keeping shareholders informed and protestors even more ignorant. I'd be happier though if the imminent quarterly shows substantial progress with processing route.
Yep agreed
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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23-04-2024, 03:53 PM
#9345
The imminent quarterly will need to show some news, as by last count, I think there is only enough funds to keep NTL going at current run-rate until the end of June. 31 Dec Cash circa 1.0m, whereas 30 Sept had circa 1.5m - cant remember if there were many one offs (Matty Hill matter??) in that 3 months, but 500k burn points to June = $0
Note half year report on NTL website for September 2023 still links back to September 2022 file.
Needing a miracle DOC signature soon!
But perhaps someone knows something, with NTL at a recent high of 2.3c!!!!
Last edited by Landyman; 23-04-2024 at 03:55 PM.
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24-04-2024, 01:25 PM
#9346
Likely a capital raising soon, either at 2 cents in the next few months or a lot higher if the approval comes through, but the current capital likely won't be enough with the unplanned delays and increases in expenses.
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24-04-2024, 03:31 PM
#9347
I'm not sure how they have accounted for the $300K placement with Terra Firma or how much of that has been used.
I think a considerable amount of the $272K of admin expenses from the last report was paying out Matt Hill, but I'm not sure of the timing. Board expenses are very low.
I ballpark mining cost of around $280k to get the first 6 ton shipment of concentrate away.
So yep a small cap raise maybe required in the next few months, but I don't think it would only be imminent if they are about to outlay production costs.
If that's the case, I would prefer a small debt facility.
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24-04-2024, 03:43 PM
#9348
What’s happened today ….yesterday it seemed that share price was heading to .024 but it’s falling
”When investors are euphoric, they are incapable of recognising euphoria itself “
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26-04-2024, 11:56 AM
#9349
http://nzx-prod-s7fsd7f98s.s3-websit...147/417397.pdf
So the quarterly is attached. Good updates thanks NTL showing good work but unfortunately fairly predictable re DOC delays and the likelihood of another capital raise. At least DOC acknowledge their processing of a straight forward access approval (which is basically a renewal) is unacceptable and undertake to provide a decision in June, The processing route decision will go to the Board in the near future with the possible use of a modular plant. Whether this is a concentrator or full processor is unclear.
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26-04-2024, 01:09 PM
#9350
Member
It's incredible DOC have taken a year to consider renewal for site access. Something more sinister going on? Someone trying to block it within DOC? I have no idea but imagine how long a full mining permit might take based on this...
The new Minister needs to get the department working in a much more efficient manner.
I really feel for John and the NTL team having done so much good work to potentially being shafted by DOC.
Cash on hand won't last much longer so 100% sure another raise is coming in some form.
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