NTL - New Talisman Mine - New board & Directors

[nextbigthing]

$46,000 is still 150 hours of a decent $300 an hour lawyer's time... And in truth, most of the lawyer's work is done by flipping to the back of an expert witnesses report to the conclusion and writing it into submissions...

That could be a delay to proceedings right there....

[Minerbarejet]

someone likes ntl in oz - just a few but at .011AUD

[Landyman]

$350k raised in the SPP - enough for an upgrade for the next powerpoint presentation - is that 23-25 investors taking full allotment?

[bullish]

Hmmm, that's quite concerning...

35,067,437 shares issued.

88 New Zealand shareholders and 17 Australian shareholders joined the Share
Purchase Plan, raising NZ$258,000 and AU$79,700 respectively


that's an average buy price of $3318!

Im not so sure about that moosie.

Looking at SPP's its about what one would expect % wise in dollar terms anything above 15% is solid. Cant blame anyone but us punters now if they go slow to keep chugging along in the downturn.

Landyman (do you know this stock at all? havnet seen you on the thread ) dont think it will cost that much to change the powerpoint cover to the oracle boat...

[blackcap]

That is very concerning. With that amount of cash the company probably cannot go forward for much longer and will need to do more capital raising (itself a costly business) to be able to be a going concern. A rights issue at .5 cents anyone?

[blackcap]

I hope so for you guys Moose!

[robbo24]

Looking at SPP's its about what one would expect % wise in dollar terms anything above 15% is solid.

35,000,000 shares at 1 cent equates to all the shares traded for the last 6 or maybe 12 months.

Relative to overall trading, isn't it a half decent result?

[Dej]

"We are in discussions with a number

of institutional investor groups and their representatives to complete a

placement for remaining funds required to initiate bulk sampling and

production of gold from such operations under the terms of our mining

permit"

Thats what Im focusing on, thats all it takes and then theres nothing to worry about.

[Bobcat.]

If NTL Management can negotiate a sizable institutional placement at 1.1c or above then I'll be more relaxed that institutions also see value in investing in this digger.

If what's agreed is at 1c or lower then that would be a bad sign, and I'll be exiting sooner rather than later.

BC

[elZorro]

If NTL Management can negotiate a sizable institutional placement at 1.1c or above then I'll be more relaxed that institutions also see value in investing in this digger.

If what's agreed is at 1c or lower then that would be a bad sign, and I'll be exiting sooner rather than later.

BC

I think it's possible that larger investors will be offered additional options, in which case they could step up at 1c or more for the initial shares, which would be a good result, since earlier investors don't want to look too short-changed. There isn't much immediate need for a consolidation bigger than 1 for 5, what's important is to get the initial mining capital in within a short time so that suppliers and contractors can get to work. It's a very small amount of cash for the market, about the cost of an ordinary house in Parnell, or so I'm led to believe. Sophisticated investors will be most welcome to contact the head office through a broker, I'm sure.