NTL - New Talisman Mine - New board & Directors

[youngatheart]

Lol, lights out?....

[Landyman]

Lol, lights out?....

Day trading opportunity coming - bubble along between 5 and 6 now?

Potentially the smart buy is at $0.001 - hahaha.

Mr Hill, please get the review done and have a pragmatic plan to extract and process the yellow stuff -we are tired off the brown!!!

Situation normal: back up now, 6m traded today - decent volumes

[Ltw]

Interestingly I found that report a little exciting. as did a number of others but the looks .006 gone

I'll either slap myself silly later or be content with my decision to dip my toes back in. least this time it's at .006 not 1.8

[Getty]

The valiant battle on the ping pong table continues.

Mr .6c has only 8M strokes left, against Mr .7c with 77+ M strokes to unleash.

Mr .1c waiting in the wings is warming up, and on current progress, could be in the match soon.

All this while the POG is strong.

Not many waiting for the spew in the review.

Broker .7c has $588k saying 'get me outa here', while Broker .6c in an admirable act of defiance, has placed $273 of money where his mouth is.

[suse]

Strategic review
As outlined at the AGM the management team have undertaken to provide the board with a review of the overall business and current mine plan in line
with both the AMC report and data acquired in the first stage of the works underground. This is estimated to be completed in mid-November and will form
the platform for the board to review the current strategic direction of the Company and any changes in line with the current project plan and budget.
Following the board strategy review a detailed outline of the project planand strategic direction of the business will be provided in a detailed update
to shareholders.
Of course it doesnt say mid november which year.... more waffle

[Landyman]

Surely they will need a mission before they implement a strategy, maybe they will throw in some visions and values, and of course, this will all need to be peer reviewed - ha - its sarcastic Tuesday!!!

[jonu]

Surely they will need a mission before they implement a strategy, maybe they will throw in some visions and values, and of course, this will all need to be peer reviewed - ha - its sarcastic Tuesday!!!

I thought you were out Landy?

[Getty]

I'm still here Jonu.
In the same way that Telecom had the Kiwi Share, I made a solemn promise to Matty, that I would always retain a stake, to legitimise our relationship.
Its known as the Getty share.

[nztx]

I'm still here Jonu.
In the same way that Telecom had the Kiwi Share, I made a solemn promise to Matty, that I would always retain a stake, to legitimise our relationship.
Its known as the Getty share.


Might be waiting fair while & few more Cap Raises to see NTL stumble towards Gettying anything meaningful
that looks like gold out.
Probably a few more strategic reviews as well to work out there isn't enough dough left in kitty to do it ;)
Then the job might want to try getty some more of your hard earned for another strategic review..
In meantime, best regard the Share as a Contributing Getty share likely to have hand out for more
Fool's gold well into the future..

As most seasoned NTL fools will well know, past unfortunate dallops of hard earned thrown in & interest
in NTL have generally seen Stakeholders' Gold invariably flow one way and that's not out either..

[Ltw]

Ok so we still have the doom and gloomers for another perspective below is my take on the report.

HIGHLIGHTS
o Mine reopened following second Covid-19 lockdown.
I wasn’t aware they had to shut for a second time

o Authority to Enter and Operate Talisman renewed by Department of
Conservation.
o Access Agreement with Department of Conservation renewed.
These two interested me a lot and I didn’t realise they were up for renewal annually.
It makes for a good strategy i.e. getting these signed off and renewed before any production or gold produced.
Why you ask? When / if they start removing ore etc it will likely bring with it the protests and heat. To me this is a tick the box excise but a critical one.

o Strategic management review of the business underway. –
This I don’t quite understand but time will tell where this is heading and why they are doing it. Not sure I’d call it a highlight

o Driving on Mystery Vein to commence shortly.
o Terra Firma engaged to carry out work on the Mystery.
The mystery of Mystery, one can only hope they are wanting to start driving on this face due to it’s high grades and easiest and quickest route to revenue

o Work programme to explore and define near mine resource targets commencing.
Don’t lose sight of production guys!!

o Loyalty shares issued – Cheers for that they got me into the green.

The primary focus is on securing a treatment route for processing extracted
ore. This will ensure maximum volumes are extracted under the current consent
while a longer-term consent is being prepared for full term of the mining
permit currently held by NTL.

Read that twice maybe a 3rd time – we have seen it a few times but this combined with the DOC renewals got my attention

At the end of the quarter the team have finalised the planning and risk
assessments for works at Mystery and currently await delivery of materials in
order to commence ground support and blasting. The programme to be
implemented by NTL's mine contractor, Terra Firma, will involve driving to
the north on the Mystery Vein to produce ore and enable detailed sampling to
expand the gold resource and increase confidence levels on grade and
continuity.
Previous sampling of Mystery by NTL has shown grades up to 50g/t gold, while
check sampling during the last phase of driving on vein showed a weighted
average grade of the vein across the current face of 1.8m at 39.35g/t Au,
34.75g/t Ag, including narrow footwall stringers. (Please see
https://www.asx.com.au/asxpdf/20180508/pdf/43tvlpmv420f4f.pdf).
This gives the Company confidence to continue driving on vein which will
provide data to support plant design parameters as well as commercial
discussions with third parties on potential treatment options.

Ok maybe where getting somewhere – would be nice if you shared the plan with us.

Corporate
During the quarter the board resolved to continue with a 20% reduction in
corporate costs. While progressing technical activities with restrictions in
place underground costs have remained minimal with management deciding to
await delivery of specialist materials from Australia prior to commencing
works with Terra Firma Ltd(TFM).

Can we have some more details on these specialist materials??

Strategic review
As outlined at the AGM the management team have undertaken to provide the
board with a review of the overall business and current mine plan in line
with both the AMC report and data acquired in the first stage of the works
underground. This is estimated to be completed in mid-November and will form
the platform for the board to review the current strategic direction of the
Company and any changes in line with the current project plan and budget.
Following the board strategy review a detailed outline of the project plan
and strategic direction of the business will be provided in a detailed update
to shareholders.

How long have we been asking for this, another piece that caught my attention finally they are putting a plan together!
Using a lot and likely getting lost in big words but hopefully we will get a quality detailed plan with milestones and a schedule…

Regulatory
Annual Review Meeting
During the quarter the company undertook its annual review with NZPAM, DOC,
WRC, HDC and Worksafe. Following the AMC review of the resource estimate a
majority of queries by NZPAM were addressed. A follow up meeting has been
arranged to address a number of technical queries as well as review the Rahu
permit and options in that regard.

Rahu is not lost??

Department of Conservation
During the period, the company lodged its annual renewal for its Authority to
Enter and Operate the Talisman mine pursuant to the proposed bulk sampling
project plan. This authority allows access for equipment to complete
upgrading the access road in preparation for increased vehicle movements, and
to the portal hardstand to begin construction of surface facilities.



The company also lodged its access agreement renewal with the Department of
Conservation during the quarter.
Rahu Gold Project (100%) - Hauraki District, NZ
At the AGM, the company announced its intention to relinquish the Rahu
permit. In discussion with NZPAM the company is exploring options which may
allow amendment to the current work program on the permit which is currently
restricted by access issues.
Tenements
Rahu Resources -EP60144 100% New Talisman
Talisman Mine - MP51326 100% New Talisman Gold Mines Limited


Not sure what to read into that one and not very exciting at this point

[Landyman]

I thought you were out Landy?

I am, but will look to get back in when/if the share price drops, or there is some tangible progress. Played this thing for 10+ years, will keep playing it until it fails/wins.

NTL - still potential, but a gamble - DYOR!!! And you can still make money on a falling SP with a bit of luck/skill.

[dubya]

Surely they will need a mission before they implement a strategy, maybe they will throw in some visions and values, and of course, this will all need to be peer reviewed - ha - its sarcastic Tuesday!!!


Sarcastic Tuesday ........ I love it!!!

Here's my contributions:

1. https://www.nzx.com/announcements/309444

From over three years ago. Doesn't it make such good reading?! I good little 'company' winter sojourn at shareholders expense to look at toll processing for gold that they can't get out of the ground.
I bet a lot of people were taken in by "During the period the company continued to look at other gold projects in New Zealand, Fiji, Vanuatu, and the USA"
WOW NTL is now an international gold mining company lol :t_up: :t_up:

2. BUT DON"T WORRY EVERYONE. ALL IS WELL. This from over TWO years ago.:t_down: :t_down:

(https://www.nzx.com/announcements/324144)https://www.nzx.com/announcements/324144

Over two years of production now folks. That 'pilot plant' must be on it's last legs lol. I'm expecting to see it on Trademe fairly soon.

[nztx]

Sarcastic Tuesday ........ I love it!!!

Here's my contributions:

1. https://www.nzx.com/announcements/309444

From over three years ago. Doesn't it make such good reading?! I good little 'company' winter sojourn at shareholders expense to look at toll processing for gold that they can't get out of the ground.
I bet a lot of people were taken in by "During the period the company continued to look at other gold projects in New Zealand, Fiji, Vanuatu, and the USA"
WOW NTL is now an international gold mining company lol :t_up: :t_up:

2. BUT DON"T WORRY EVERYONE. ALL IS WELL. This from over TWO years ago.:t_down: :t_down:

(https://www.nzx.com/announcements/324144)https://www.nzx.com/announcements/324144

Over two years of production now folks. That 'pilot plant' must be on it's last legs lol. I'm expecting to see it on Trademe fairly soon.


A bit optimistic there .. it was probably stuffed and only capable of thimble fulls at outset & so has been retired to become Eel homes .. ;)

On a positive note - the Eels have probably been more productive than NTL and still come to NTL's Resident 'Wildlife Relations & Eel Feeder' Bod kept on the Payroll for the purpose, to report their productivity ;)

No-one at NTL appears to have yet woken up to consider the Merits & Economics of stopping doing anything Mining
& turning the outfit into a Commercial Eel Farming operation instead.. ;)

[Landyman]

A bit optimistic there .. it was probably stuffed and only capable of thimble fulls at outset & so has been retired to become Eel homes .. ;)

On a positive note - the Eels have probably been more productive than NTL and still come to NTL's Resident 'Wildlife Relations & Eel Feeder' Bod kept on the Payroll for the purpose, to report their productivity ;)

No-one at NTL appears to have yet woken up to consider the Merits & Economics of stopping doing anything Mining
& turning the outfit into a Commercial Eel Farming operation instead.. ;)

NZTX -that comment should have been saved for today -Whacky Wednesday!!! And under the theme, maybe there is an alternative for the site - turn it into a child care centre..........best chance of getting.........wait for it......... minors on site!!!

Discl - not holding, but waiting for both negative and positive movements.

[Brain]

Fool me once Mr Hill, shame on you. Fool me twice Mr Hill,shame on me.

[ThaiJohn]

Mr Hill is ignoring my emails. I wonder where he is. Maybe he's living in the mine and cannot get a connection.

[jonu]

Mr Hill is ignoring my emails. I wonder where he is. Maybe he's living in the mine and cannot get a connection.

Why wouldn't he? You're a self professed non-holder who regularly ridicules him in public. I figure he gives you the attention you deserve.

[Ltw]

Mr Hill is ignoring my emails. I wonder where he is. Maybe he's living in the mine and cannot get a connection.

Have you brought back into NTL ThaiJohn?

Did you see something in that report that picked up your interest?

[ThaiJohn]

Why wouldn't he? You're a self professed non-holder who regularly ridicules him in public. I figure he gives you the attention you deserve.

I have every right to ask Mr Hill what is going on, Jonu. I know you are a fanboy for Matthew Hill. That is interesting in itself. I sold at a loss and I want some answers and accountability. Where is the gold Matt? What's going on? Delay after delay, excuse after excuse. Not good enough.

[jonu]

I have every right to ask Mr Hill what is going on, Jonu. I know you are a fanboy for Matthew Hill. That is interesting in itself. I sold at a loss and I want some answers and accountability. Where is the gold Matt? What's going on? Delay after delay, excuse after excuse. Not good enough.

Au contraire. He has no responsibility to you at all. You are merely throwing your toys from the cot on the sidelines. Your investment decisions of your entry and exit points are not his problem. Put your big boys pants on and own your own decisions.

[ThaiJohn]

Oh I own them alright, thank you for stating the obvious however I am still entitled to an opinion.
Mr Hill needs to step up and answer some questions the most obvious being, where is the gold?
He is still pulling the big coin at NTL but with little to show for it. How long will this go on?
Im firmly of the belief that he should step aside and hand over the reins to someone else. The fiasco of NTL has gone on long enough under his leadership. Then there is the board to be held to account.

[Ltw]

Oh I own them alright, thank you for stating the obvious however I am still entitled to an opinion.
Mr Hill needs to step up and answer some questions the most obvious being, where is the gold?
He is still pulling the big coin at NTL but with little to show for it. How long will this go on?
Im firmly of the belief that he should step aside and hand over the reins to someone else. The fiasco of NTL has gone on long enough under his leadership. Then there is the board to be held to account.

Arr I see ThaiJohn
You have sold out (sorry for your loss)

[haewai]

Director retired two months ago. No replacement yet. Huh.

[ThaiJohn]

Director retired two months ago. No replacement yet. Huh.

Down to 0.5, what a joke of a company.

[Landyman]

Glass half full, at least you got out before it got there!!

NTL - patience required.

[Brain]

Director retired two months ago. No replacement yet. Huh.

The directors do not seem to do or achieve anything. Better we save the fees. A competent director probably would not be interested in a directorship with NTL in its present state. Not good for the CV

[Cash_Lion]

Could it surely go down any more? Lol I mean it's as bad as it gets should hit rock bottom soon

[suse]

Perhaps if the directors were paid in shares they would have more incentive to get things moving.

[underground]

Anyone notice this on the front page of the message board?

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[Drummer]

Link does not work, what was it?

[nztx]

Has anyone sighted a solitary snail coming out of a mine with a few golden flecks on it's shell yet ? ;-)

[Chippie]

I have every right to ask Mr Hill what is going on, Jonu. I know you are a fanboy for Matthew Hill. That is interesting in itself. I sold at a loss and I want some answers and accountability. Where is the gold Matt? What's going on? Delay after delay, excuse after excuse. Not good enough.

Thai John, can do us all a favour and post comments on shares that you do own (or even might own). You started posting on Share trader on 6th Aug 2020 stating you had sold your NTL shares. Since then you have just bagged Matt Hill and NTL which really does make me wonder what your motivation is, especially when the only other share you have commented on is SKT.

I could rattle off plenty of companies I have no confidence in, but do not have the time or energy trying to convince or “save” other investors. Yes, I have made statement to that effect on Share trader for a few companies but then moved on.

Sorry but I am getting tired of the broken record

[Ltw]

Really admin should be all over these dogs who do not own a stock and have no right to rubbish it

[Baa_Baa]

Really admin should be all over these dogs who do not own a stock and have no right to rubbish it

There’s no rules about having to own a dog to be able to rubbish it here, maybe it’s easier to see how desperately incompetent this company is when one doesn’t own it? Rose coloured spectacles are a poor lens to investing and there is zero evidence and has never been any evidence that this is a good ‘investment’, it is a pure play gamble on finding gold and producing it, of which there is little or no evidence of either. Sorry if this upsets you.

[Ltw]

There’s no rules about having to own a dog to be able to rubbish it here, maybe it’s easier to see how desperately incompetent this company is when one doesn’t own it? Rose coloured spectacles are a poor lens to investing and there is zero evidence and has never been any evidence that this is a good ‘investment’, it is a pure play gamble on finding gold and producing it, of which there is little or no evidence of either. Sorry if this upsets you.

I completely respect your comment and opinion to some respects i feel the same.
What digs me is the constant bombardment of rubbish or throw away comments that are not factual or are not backed up by those whom make them.

[nztx]

Thanks for the green light - as have interest in a couple of very well diced & diluted parcels
of NTL sub penny dreadfuls which the ravages of time & ongoing tendency of said company's
endeavours to generate further billions of low value massive Cap Raises have in turn relegated
to become almost worthless liners of the bottom drawer, as a reminder of earlier times when
something more meaningful was thought to be within the easy grasp of HGL/NTL .. ;)

[ThaiJohn]

The spotlight needs to be kept on NTL, its Board and the CEO. I want answers and I want accountability. Where is the gold Mr Hill? Lots of promises and talk, but no gold. A CEO who comes on here under a pseudonym and blows hot air up everyones a**. CR after CR after CR.
I can't quite figure out why some of you are taking aim at me? Should I just sit back, be quiet and let this trainwreck carry on? I think not. I say again Matthew Hill, where is the gold?

[Brain]

The spotlight needs to be kept on NTL, its Board and the CEO. I want answers and I want accountability. Where is the gold Mr Hill? Lots of promises and talk, but no gold. A CEO who comes on here under a pseudonym and blows hot air up everyones a**. CR after CR after CR.
I can't quite figure out why some of you are taking aim at me? Should I just sit back, be quiet and let this trainwreck carry on? I think not. I say again Matthew Hill, where is the gold?

I agree with that. I was once an enthusiastic supporter of NTL. I believe in the potential of the mine but I have been ground down by the total lack of progress. I participated in the capital raises because it was the way to support the company. The mine rehabilitation and the engineering that went into it was great but apart from the rehabilitation there has been no further progress. I have sold most of my shares and now retain just 1,000,000 being $ 5,000
worth at the latest price. This is not a serious investment for me now. Probably I should sell those as well but I have the faint hope that these guys will pull a rabbit out of the hat. The company has no credibility in my eyes now so I cannot see how they will raise any more capital.

[jonu]

The spotlight needs to be kept on NTL, its Board and the CEO. I want answers and I want accountability. Where is the gold Mr Hill? Lots of promises and talk, but no gold. A CEO who comes on here under a pseudonym and blows hot air up everyones a**. CR after CR after CR.
I can't quite figure out why some of you are taking aim at me? Should I just sit back, be quiet and let this trainwreck carry on? I think not. I say again Matthew Hill, where is the gold?

Just like this guy who comes here under a pseudonym, a declared non-holder and rants and raves from the wilderness having helped depress the share price by dumping his truckload of shares. Or did you only own $50 worth?

Of course anyone is entitled to their opinion. It's just that only some are worth listening to.

[ThaiJohn]

But Jonu, I am not the CEO of NTL. You at least know my first name so I am not completely anonymous. I also believe the CEO is still posting here under several different pseudonyms. You just need to look at some of the above comments.

[dabsman]

I love reading this thread...

[jonu]

But Jonu, I am not the CEO of NTL. You at least know my first name so I am not completely anonymous. I also believe the CEO is still posting here under several different pseudonyms. You just need to look at some of the above comments.

Oh really? Do tell. Further enlighten us with your pearls Thaiwhoeveryouare. I really don't know how we would cope without your contributions. I await with baited breath.

[ThaiJohn]

What's your full name Jonu? Jonu Hill maybe?

[nztx]

Now now Guys -- let's focus our constructive or otherwise endeavours on the said subject in hand
- NTL - where everyone's focus is indeed well deserved .. ;)

[ThaiJohn]

Where's the gold Matt??
*tumbleweeds*....
*more tumbleweeds*...

[ThaiJohn]

...*still more tumbleweeds, a dodgy looking mexican, a rattlesnake, Sergio Leone...*

[youngatheart]

Sigh. When the biggest news for a week is a change of address.... Lol

[whatsup]

Sigh. When the biggest news for a week is a change of address.... Lol

Their current business address is to be converted into a retirement village so its logical that they move.

[Getty]

Did someone say the head office has been a rest home for a very long time?

[youngatheart]

Why move? Perhaps they could have stayed and just renamed themselves instead.

[youngatheart]

Gold Diggers Retirement Village....

[Getty]

Its a bit of digging & movement on the goldfield, that the shareholders are expecting

[Getty]

Reconnaissance and discussion with 'in the know' locals reach's a consensus that gold HAS been extracted this year from NTL.

Which begs the question, whose bank account has benefitted?

Who was the person recently seen surreptitiously sneaking out of the Tauranga Gold Exchange?

Quarterly cashflow statements for last 12 months show NIL product sales.

It is a Mystery isn't it, Is it all in vain?
'

[Ltw]

Pretty big accusation there Getty.
Would be very interested in knowing more.

[Getty]

No need for capital raise or any further delay.
I've costed the price to get 26 tonne per container, picked up from the mine by swinglifter, to port of Tauranga, and off loaded in Brisbane at $3350 all inclusive.

From what I'm lead to believe, we are already at the ore face.

If you simply Bobcat the 15g/tonne RAW ore out the shaft and into the container, and ship it to Australia for processing, then 26t x 15 g =390g =13.755 ounces x US$1900oz = US$26134.50 =NZ$39201 - $3350 less internal Aust transport, less processing, NZ admin and extraction = CASHflow to shareholders.
NO capex required.

If we have sufficient amounts of concentrate @ 800g/t that needs further processing, then the above exercise would gross a mere $2074800 per container.

Conversion may not be optimim compared to a custom built plant, but ask yourself a pragmatic question, do you want 9/10ths of something, or 10/10ths of nothing, like you have now?
Obviously, cash generated could pay for NZ based facility later.

Another yr of Matts salary would pay freight on 120 containers.

Enough of unready, unsteady, just GO!!!!!!

After much more research, and scoping out the site, I can see no reason why this mine was not advanced to full speed ahead a long time ago.
Even using old fashioned stamping, and recirculating a single truck load of water to wash, would give sufficient separation to make the above viable, using 20 foot containers, rather than 40'.
Using a centrifuge as per pilot plant, much better still.

Mining's been around as long as the worlds oldest profession, & even shares some of the same skill set.
Its not rocket science.
Both are legitimate, so why all the secrecy?

A travesty has been perpetrated on the shareholders.

The Perth Mint is awaiting...

[nztx]

Reconnaissance and discussion with 'in the know' locals reach's a consensus that gold HAS been extracted this year from NTL.

Which begs the question, whose bank account has benefitted?

Who was the person recently seen surreptitiously sneaking out of the Tauranga Gold Exchange?

Quarterly cashflow statements for last 12 months show NIL product sales.

It is a Mystery isn't it, Is it all in vain?
'


Hey come on - perhaps someone decided that a peep at what the Real Stuff looked like was needed

Can't be seen to have the production bods onsite stumbling on Fools Gold and thinking it was the Real McCoy Stuff..

That aside - will there be another large NTL hand outstretched for more Fool's Gold to pay for the exercise
in staff learning & knowledge enhancement to find out what the real McCoy & the imitation stuff looks like ? ;)

[ThaiJohn]

Time is up on this mutt. No more CR's.
Where's the gold Mr Hill ??

[swissboy]

it's too quite for too long ???????

[dubya]

it's too quite for too long ???????

That's how they like it swissboy. Nothing happening but management can keep drawing their wages. It's called a 'sinecure' salary :D

[Baa_Baa]

it's too quite for too long ???????

Bravo you figured it out. Big promise, big silence, oops, she’ll be right, cap raising. Rinse repeat... 20 years. Some are slow learners, the opportunity cost and dilution holding this dog is eye watering. It’s an embarrassment, not just in itself, but also to the NZX.

[ThaiJohn]

It's a rort. Get out while you still have the shirt on ya back.
Where's the gold Matt??

[nztx]

It's a rort. Get out while you still have the shirt on ya back.
Where's the gold Matt??


a few kilometres down inside a mountain, where it's always been (assuming that it wasn't fool's gold) ;)

[nztx]

it's too quite for too long ???????


Don't worry .. someone at Head Office might wake up when the bank account runs too low again .. ;)

[nztx]

The "Old Talisman" probably achieved more in it's years than the reinvented NTL may likely manage in the next
300 years - the way things are progressing .. ;)

[dubya]

Don't worry .. someone at Head Office might wake up when the bank account runs too low again .. ;)
Neither the CEO (Hill) nor any of the Directors put a single cent of their easily earned money into the last capital raise.

As for the ones that did...... "insanity is doing the same thing over and over again, but expecting a different result".

12107

[Baa_Baa]

The "Old Talisman" probably achieved more in it's years than the reinvented NTL may likely manage in the next
300 years - the way things are progressing .. ;)

Precisely, but clinging to a JORC, they keep the punters holding and topping up the raisings and SPP’s.

It’s not about what’s in the ground, it never is with any mining, as the model shifts from explorer to miner, it’s about what they dig up and sell. No gold no sales no future. Unless it changes. Any sign of that? No

[dubya]

Jeez look what you started swissboy lol. Everybody's venting. 😁😁 I hope those too paralysed to get out are taking notice!!!

[Getty]

Just relax boys, the imminent review release will make you feel better.

Maybe not.

In the meantime, , what use to man or beast is an Asx listing?.
Did they think at one stage they were the next BHP of the South Pacific?

I cant find the annual cost itemised in the Ann. Rep., presumably buried in Other operating & Admin of $593921.

A primary NZX listing was $400k pa years ago, so who knows how much is being frittered away annually now on a secondary type ASX listing now?
Just another unnecessary drain on s/holders funds.

[Clints]

Market Cap of $50M is $118,388 listing fee and $34,654pa
10M MCap is $75,338 listing and 26,376pa

[Getty]

Top man Clints, thanks for that.

[Landyman]

Talk is cheap - but market perception seems to be in a downward cycle with sellers at $0.006 (27m of them) now close to the buyers at $0.005 (33m of them). From memory, I think the lowest they have traded is $0.004 over last 10yrs

Discl: not holding at the moment.

[Rosco]

The "Old Talisman" probably achieved more in it's years than the reinvented NTL may likely manage in the next
300 years - the way things are progressing .. ;)

The original mine was incredibly successful. Produced 3.5 million ounces and even paid a significant amount out in dividends. Think of how far fetched a dividend payout seems from the current company.

"During its life time the Company produced most of the 3,510,691 ozs of bullion, which came from the claim. The bullion was valued at £2,958,013 and the Talisman Consolidated Company paid £1,150,972 in dividends." - http://www.ohinemuri.org.nz/journals/71-journal-43-september-1999/1584-talisman-mine-karangahake

[Bluemanarc]

Not much else to say is there:

"Events Subsequent to Balance Date: No events occurred subsequent to balance date."

[bucko]

I guess it's somewhat good news, I thought the outstanding liabilities would have been larger. Other current liabilities only $32,215 when I thought current management/leadership would be considered it's own line item by now.

[bucko]

I guess it's somewhat good news, I thought the outstanding liabilities would have been larger. Other current liabilities only $32,215 when I thought current management/leadership would be considered it's own line item by now.

At current cash burn there's ~18 months till we are all put out of our misery

[whatsup]

Not much else to say is there:

"Events Subsequent to Balance Date: No events occurred subsequent to balance date."

$1,869 K cash left, C R coming a total disgraceful imho, BL@@DY FISHHEADS !!!!

[steveb]

Under current conditions a capital raise is just not going to fly,they have to find an alternative source of income.Now all you long suffering holders out there know the answer to finding another income source,but the big question is do management?

[nztx]

Under current conditions a capital raise is just not going to fly,they have to find an alternative source of income.Now all you long suffering holders out there know the answer to finding another income source,but the big question is do management?


More in Specie floats of new listings for other companies (as Peter Atkinson's time saw ?)

At least that might take the glare of what is now mostly an ongoing bundle of 'Pretend Mining'
going nowhere fast, with periodic hand out for more working capital readies by NTL.. ;)

Hey SP might even see a slight bounce or two depending on what work is done by the Board on
lining up a potential quality new listing off NTL's shareholder base ..

[steveb]

More in Specie floats of new listings for other companies (as Peter Atkinson's time saw ?)

At least that might take the glare of what is now mostly an ongoing bundle of 'Pretend Mining'
going nowhere fast, with periodic hand out for more working capital readies by NTL.. ;)

Hey SP might even see a slight bounce or two depending on what work is done by the Board on
lining up a potential quality new listing off NTL's shareholder base ..

Nice idea,but management are basically lazy and have got into the habit of not doing anything.I suppose a lawsuit to recover damages for mismanagement or even fraud is out of the question?

[Landyman]

There was talk a while back about shareholder action to join forces and eject the Board, but no action - key question, who could replace them? That might be a nail-gun in the coffin, rahter than just using a hammer

I think Digger was one of the larger shareholders, but havent seen any comments on here for a while - then again, little to say with little progress.

I still hope this thing gets off the ground, but given low market cap, and no big boy producers swimming (lazy sharks) that we know of.

Patience grasshopper.

[Paint it Black]

There was talk a while back about shareholder action to join forces and eject the Board, but no action - key question, who could replace them? That might be a nail-gun in the coffin, rahter than just using a hammer

I think Digger was one of the larger shareholders, but havent seen any comments on here for a while - then again, little to say with little progress.

I still hope this thing gets off the ground, but given low market cap, and no big boy producers swimming (lazy sharks) that we know of.

Patience grasshopper.

I patiently (but will soon add an 'im') await the result of the strategic review - see below excerpt from the Chairman's AGM address.


In this regard we are committed over the next 3 to 4 months in particular to
undertake a strategic review of the company, our approach, the Board,
management and most importantly our business to ensure we are progressing the
Talisman Gold Project in an optimal manner as well as opportunities to
strengthen the Company and ultimately driving shareholder value.
Be in no doubt however that our goal remains the same.

[Brain]

I guess the company will just become a shell after directors fees and management salaries have bled it dry. The only alternative is for the major shareholders to get together and take control which is probably very unlikely. Management and the board understand that and will take their fees and salaries to the bitter end.They are fairly well untouchable.

[ThaiJohn]

Absolute disgrace. How the f*** do you sleep at night, Matthew Hill.

[Brain]

[QUOTE=ThaiJohn;859291]Absolute disgrace. How the f*** do you sleep at night, Matthew Hill.[/QUOTE

Probably very well

[Flugenbear]

Under current conditions a capital raise is just not going to fly, they have to find an alternative source of income. Now all you long suffering holders out there know the answer to finding another income source, but the big question is do management?
I'm not so sure. I think there are enough people out there that think something will happen, and if there is a discounted rights issue will throw good money after bad. Maybe enough for management to milk it another 6 months. It's sometimes amazing how Companies can convince people to depart with their cash. NTL, CRP, WDT...don't want to compare WDT to the other 2, but they did a great job continually raising money without being profitable..

[haewai]

I patiently (but will soon add an 'im') await the result of the strategic review - see below excerpt from the Chairman's AGM address.


In this regard we are committed over the next 3 to 4 months in particular to
undertake a strategic review of the company, our approach, the Board,
management and most importantly our business to ensure we are progressing the
Talisman Gold Project in an optimal manner as well as opportunities to
strengthen the Company and ultimately driving shareholder value.
Be in no doubt however that our goal remains the same.

Suggest adding the "Im" - did you see the section in the last quarterly on this? Strategic review will start mid November:


As outlined at the AGM the management team have undertaken to provide the
board with a review of the overall business and current mine plan in line
with both the AMC report and data acquired in the first stage of the works
underground. This is estimated to be completed in mid-November and will form
the platform for the board to review the current strategic direction of the
Company and any changes in line with the current project plan and budget.
Following the board strategy review a detailed outline of the project plan
and strategic direction of the business will be provided in a detailed update
to shareholders.

[Getty]

More detail huh?

More devil more like it!

[BigBob]

I patiently (but will soon add an 'im') await the result of the strategic review - see below excerpt from the Chairman's AGM address.


In this regard we are committed over the next 3 to 4 months in particular to
undertake a strategic review of the company, our approach, the Board,
management and most importantly our business to ensure we are progressing the
Talisman Gold Project in an optimal manner as well as opportunities to
strengthen the Company and ultimately driving shareholder value.
Be in no doubt however that our goal remains the same.

Looks like someone else got impatient this morning.... 20m+ shares dumped at .005...

[Landyman]

Shareholders voting with their feet this morning, 20m dumped this morning.

Resource in the ground has not changed!!! Faith in their ability to extract is waning though. Come on NTL, play with the passion of the Argentinian rugby team - you can do it!!

[ThaiJohn]

Woof woof..:t_down:

[Paint it Black]

Shareholders voting with their feet this morning, 20m dumped this morning.

Resource in the ground has not changed!!! Faith in their ability to extract is waning though. Come on NTL, play with the passion of the Argentinian rugby team - you can do it!!

Exactly - but may need to substitute the Wallabies with All Blacks! At least a progress report would be nice. Maybe Jonu is backing the truck up this morning?

Discl Top 20 Shareholder

[Brain]

Exactly - but may need to substitute the Wallabies with All Blacks! At least a progress report would be nice. Maybe Jonu is backing the truck up this morning?

Discl Top 20 Shareholder

Your best bet is to start talking to all the other top 20 shareholders. Easily done as their contact details are listed on the company office website.

[Getty]

Exactly - but may need to substitute the Wallabies with All Blacks! At least a progress report would be nice. Maybe Jonu is backing the truck up this morning?

Discl Top 20 Shareholder

Jonu may be backing up his truck, but with the hoist fully extended, to tip off, not load up.

[Motley Crew]

Your best bet is to start talking to all the other top 20 shareholders. Easily done as their contact details are listed on the company office website.

Don't talk to me. Was Top 20 Holder. Not any more. Happy to have taken .006 on the Oz market about 8 weeks ago.
I agree with ThaiJohn apart from one thing - this ones Bite is worse than its Bark

[Brain]

Don't talk to me. Was Top 20 Holder. Not any more. Happy to have taken .006 on the Oz market about 8 weeks ago.
I agree with ThaiJohn apart from one thing - this ones Bite is worse than its Bark

It seems to me that most shareholders even the top 20 guys are resigned to loosing a significant part if not all of their investment. I would guess less than 50 shareholders would have more than the 50% required to take control of the company. Shareholders elect directors and directors appoint the CEO. Shareholders are not organising themselves and hence there is no accountability.

[Landyman]

TOP 20 ORDINARY SHAREHOLDERS as of 19 June 2020
Rank Name Units % of Units
1. HAMISH EDWARD ELLIOT BROWN 311,081,818 11.55
2. BEVERLEY IDA EVANS 93,104,545 3.46
3. RIUO HAURAKI LIMITED 89,855,819 3.34
4. JOHN KILDARE UPPERTON 69,301,709 2.57
5. NEW ZEALAND DEPOSITORY NOMINEE LIMITED <A/C 1 CASH
ACCOUNT>
55,705,865 2.07
6. RA KOURA LIMITED 46,999,999 1.75
7. MATTHEW GEOFFREY HILL 42,940,903 1.60
8. INTERNATIONAL PACIFIC SECURITIES LIMITED 42,154,117 1.57
9. FEOH PTY LTD <KARLSON INVESTMENT A/C> 39,538,962 1.47
10. CHRISTOPHER DAVID ENGLISH + JACQUELINE ENGLISH
<KRINGLES SUPER FUND A/C>
35,758,910 1.33
11. HILL FAMILY GROUP PTY LIMITED 28,096,507 1.04
12. THOMAS HERBERT TEBBS GOTHORP 26,253,783 0.98
13. CHI HUA CHEN 20,546,588 0.80
14. BOYI WEI 20,000,000 0.74
15. PETER WILLIAM HALL 20,000,000 0.74
16. HOI YEE JULIE TSE 19,118,103 0.71
17. RONALD JOHN SCOTT 19,090,908 0.71
18. CHUNG KAN CHOW 18,583,186 0.69
19. ROBERT MARSHALL WALSHAM + RACHEL SANDRA WALSHAM
<R & R WALSHAM FAMILY A/C>
18,059,978 0.67
20. BEAZER INVESTMENT LIMITED 16,363,966 0.76
Total Top 20 holders of Ordinary Shares 1,033,555,666 38.39

[jonu]

It seems to me that most shareholders even the top 20 guys are resigned to loosing a significant part if not all of their investment

What evidence do you have for that conclusion?

[Ltw]

Top 19 as at today 30/11/2020 - I've tracked this quite closely for a while now, due to only 1 SH having over 5% the company doesn't have to declare every time it changes. some interesting results when to look at it over the last 3 years - You'll notice a number of the top holders increased there holding in the SPP and I think 1 or 2 may have backed the truck up since to... DYOR
Allocation 1: 350000000 shares (12.53%) Hamish Edward Elliot BROWN
Allocation 2: 98719455 shares (3.54%) RIUOHAURAKI LIMITED (https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/1260385)
Allocation 3: 96000000 shares (3.44%) Beverley Ida EVANS
Allocation 4: 60266666 shares (2.16%) John Kildare UPPERTON
Allocation 5: 54999999 shares (1.97%) RA KOURA LIMITED (https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/6615255)
Allocation 6: 42940903 shares (1.54%) Matthew Geoffrey HILL
Allocation 7: 42154117 shares (1.51%) International Pacific Securities Ltd
Allocation 8: 35758910 shares (1.28%) Christopher D English & Jacqueline English
Allocation 9: 28096507 shares (1.01%) Hill Family Group Pty Ltd
Allocation 10: 25500874 shares (0.91%) Thomas Herbert Tebbs GOTHORP
Allocation 11: 22000000 shares (0.79%) Boyi WEI
Allocation 12: 21982742 shares (0.79%) Chi Hua CHEN
Allocation 13: 21000000 shares (0.75%) Peter William HALL
Allocation 14: 20215978 shares (0.72%) Robert Marshall WALSHAM
Allocation 15: 20109090 shares (0.72%) Ronald John SCOTT
Allocation 16: 19455913 shares (0.70%) Chung Kan CHOW
Allocation 17: 18462707 shares (0.66%) William Geoffrey KROON
Allocation 18: 16618182 shares (0.60%) Wiebke GAILER
Allocation 19: 16363966 shares (0.59%) BEAZER INVESTMENT LIMITED (https://app.companiesoffice.govt.nz/companies/app/ui/pages/companies/2210465)

[Brain]

What evidence do you have for that conclusion?

No evidence of course. It is my opinion based on the company not following through on what they say they will do.
They seem to me to be totally unaccountable which would not happen if there were shareholders willing to rattle the cage. I presume Jonu that you are amongst the top 20 or close. Are you in contact with other significant shareholders?

[jonu]

No evidence of course. It is my opinion based on the company not following through on what they say they will do.
They seem to me to be totally unaccountable which would not happen if there were shareholders willing to rattle the cage. I presume Jonu that you are amongst the top 20 or close. Are you in contact with other significant shareholders?

Yes and yes.

[Getty]

What for, Number 4

[Brain]

Yes and yes.

Are the other shareholders you are in communication with happy about the progress?

Is there a major fish hook (Other than truck access and blasts per day) that we don’t know about that is holding up mining?

[jonu]

Are the other shareholders you are in communication with happy about the progress?

Is there a major fish hook (Other than truck access and blasts per day) that we don’t know about that is holding up mining?

I won't disclose private conversations, but I think it's fair to say we would all have liked more progress.

I think NTL's main stumbling block has been easy access to a bulk processor to avoid a lot of Capital Costs. There is little incentive to stockpile ore in the meantime.

[suse]

There is a very positive person out there that has nearly 5k of shares to sell at $100. I wonder if they meant to put in 10c (which in my opinion would still be wishful thinking even in 2030).

[Getty]

Many would love to know why they could not make an arrangement with OGC at Waihi?

[nztx]

Many would love to know why they could not make an arrangement with OGC at Waihi?



What ? - that richer more successful 'in the real gold & not just whispered rumours of it' cousin with large hole in ground, down the road ?

Would they even want to know ? ;-)

[nztx]

There is a very positive person out there that has nearly 5k of shares to sell at $100. I wonder if they meant to put in 10c (which in my opinion would still be wishful thinking even in 2030).


Probably what they paid for them way back years ago, before HGL / NTL developed a taste for diluting holdings
of the loyal fleeced down to 4/5 of 5/8 of SFA -- and consequently were then forced to offer the NTL sub-cent
dreadfuls out in 'million lots' to the gullable .. ;)

[haewai]

Many would love to know why they could not make an arrangement with OGC at Waihi?

Perhaps that processing route would require plant adjustment because of different ore characteristics. Or maybe the tolling was too expensive. Or maybe, um, relationships or some other personal reason. But the waihi plant was definitely put on standbye a couple of years ago. I remember reading this in a quarterly some months/years ago as was why the pilot plant was so important.

[nztx]

Perhaps that processing route would require plant adjustment because of different ore characteristics. Or maybe the tolling was too expensive. Or maybe, um, relationships or some other personal reason. But the waihi plant was definitely put on standbye a couple of years ago. I remember reading this in a quarterly some months/years ago as was why the pilot plant was so important.


Yes I seem to recollect that too.. but NTL getting their own will have considerable cost
Tolling arrangement is probably preferable - in that it doesn't require NTL shelling out dough it doesn't have
or has to raise ..

If suitable processing facilities are not already been well advanced seems to beg the question - just WTF have NTL
Management been messing around at between back then & now .. ;)

[ThaiJohn]

"If suitable processing facilities are not already been well advanced seems to beg the question - just WTF have NTL
Management been messing around at between back then & now ".. ;)

Writing bull**** posts on forums like Sharetrader and Hot Copper.

[Ltw]

I'd like to know what happened to the idea that the pilot plant would be up scaled or added to, (was how I read it) to produce small quantity's 8oz a week / month something like that.
I get that this is not the be all and end all solution but any revenue at the moment is better than none.

[Paint it Black]

I'd like to know what happened to the idea that the pilot plant would be up scaled or added to, (was how I read it) to produce small quantity's 8oz a week / month something like that.
I get that this is not the be all and end all solution but any revenue at the moment is better than none.

Yes that was my understanding as well, or at least use it as a prototype for a larger plant (perhaps inside the mine). I believe they are wanting to maximise the 2 year bulk sampling window ie not eat into it with only small initial volumes but as other options ie tolling our outsourcing are not progressing something now rather than nothing would bring many positives.

[peebee]

Hi all I am new to this forum keen to listen to any thoughts ideas what is going on with this company seems to be dragging their heels a bit lately

[Getty]

Lately?
well that would have to be the most polite statement this year.

Maybe your name is peecee

[haewai]

And "dragging heals" assumes movement

[Lion_graf]

Hi all I am new to this forum keen to listen to any thou2ghts ideas what is going on with this company seems to be dragging their heels a bit lately

"Lately?" Lol

[ThaiJohn]

:eek2::t_up::t_up:

[Baa_Baa]

Hi all I am new to this forum keen to listen to any thoughts ideas what is going on with this company seems to be dragging their heels a bit lately

20+ years, no results, incredible

[Joshuatree]

Posted in 2013


NTL may be going to do what HGD thought they might do for 20 years but just never got around to it. Lets hope NTL have a bit more aggressive go forward.

[Landyman]

Peebee, good to ask for advice. I think if you skip through this thread randomly you will get a flavour for what NTL - it has potential, but they are struggling to get resource processed and sold. The gold is there (well, thats what the reports say), but extracting, processing, and selling hasnt started yet - when it will is anyones guess.

Many here have played HGD/NTL for years - SHs have made some profits by trading off market dynamics, but no profits from gold production. Im 10yrs+ and a little cynical, but still hope it could happen

My advice, only put in what you can afford to lose - if the sun shines on NTL, then could be a 5 or 10 bagger (really?!?!!?), but you could lose everything too.
Management have poor communication, and promises have turned out to be mirages.

Discl Im not holding at the moment, but will buy in when the price is right

[Getty]

I can believe the gold is there.

What i cant believe is the patience, and defensiveness, of large and long term holders, as to why it is not being extracted, to the benefit of those s/holders.

Answer/s anybody?

[steveb]

I can believe the gold is there.

What i cant believe is the patience, and defensiveness, of large and long term holders, as to why it is not being extracted, to the benefit of those s/holders.

Answer/s anybody?
I would think that the majority of holders only invested in this as a bit of a punt,and are quite prepared to lose their money.After all if you do some research on this company,you would have to have a bit of a screw loose to actually come up with data that would suggest its a good investment.
I must admit I did sell 1.6m shares a couple of months ago,I found another punt on the ASX in a company trying to manufacture self charging batteries.Self charging batteries you say not possible,but it's happening and my investment has nearly doubled(as of yesterday 87.50% up.

[Landyman]

BOOM, 0.004 next. Someone knows something, or just plain ran out of patience

If that was one trader selling down, has to be a Top20 given volumes

[Stumpynuts]

I would think that the majority of holders only invested in this as a bit of a punt,and are quite prepared to lose their money.After all if you do some research on this company,you would have to have a bit of a screw loose to actually come up with data that would suggest its a good investment.
I must admit I did sell 1.6m shares a couple of months ago,I found another punt on the ASX in a company trying to manufacture self charging batteries.Self charging batteries you say not possible,but it's happening and my investment has nearly doubled(as of yesterday 87.50% up.


Self charging batteries you say?
Would you mind forwarding the ASX share code?
Or PM it to me if you don't want to let the cat out of the bag?

[whatsup]

I would think that the majority of holders only invested in this as a bit of a punt,and are quite prepared to lose their money.After all if you do some research on this company,you would have to have a bit of a screw loose to actually come up with data that would suggest its a good investment.
I must admit I did sell 1.6m shares a couple of months ago,I found another punt on the ASX in a company trying to manufacture self charging batteries.Self charging batteries you say not possible,but it's happening and my investment has nearly doubled(as of yesterday 87.50% up.

Steve, That is very interesting, can you tell the call code ?

[whatsup]

Sop with todays sell off are we picking on another C R next year ?

[haewai]

Self charging batteries you say?
Would you mind forwarding the ASX share code?
Or PM it to me if you don't want to let the cat out of the bag?

Sounds like the subsidiary of Strategic Elements: SOR

[whatsup]

sounds like the subsidiary of strategic elements: Sor

well spotted.

[Getty]

BOOM, 0.004 next. Someone knows something, or just plain ran out of patience

If that was one trader selling down, has to be a Top20 given volumes

Proves that the hoist on Jonu's truck is working...

[ThaiJohn]

BOOM, 0.004 next. Someone knows something, or just plain ran out of patience

If that was one trader selling down, has to be a Top20 given volumes

**sits down with coke and popcorn**:cool:

[steveb]

Self charging batteries you say?
Would you mind forwarding the ASX share code?
Or PM it to me if you don't want to let the cat out of the bag?
Yes well spotted guys it's Strategic Elements FPO (SOR-ASX)
But do your own research please

[Landyman]

Well, time will tell, someone snapped up the rest at 0.005, so could have got a bargain/lemon :-)

For everyones sake, I hope Matt Hill becomes a rich man from his shareholding, not his salary!!!

Maybe we need Richie McCaw to become part of the NTL team - everything he touches turns to gold!!!

[Getty]

Things are not going well "lately"

The latest update from the ping pong, is the top 2 rungs who want to join the game are $55K, while those looking for a quick shower have slammed down $686K on the table, as they eye the exit.

Mr .1c is breaking out in a sweat, knowing he will in the game soon, while Mr 0.00c remains as inscrutable as ever.

[steveb]

Sounds like the subsidiary of Strategic Elements: SOR
yes well spotted

Perhaps the sell off this morning was due to my post and they are looking to put their money into another gamble on the aussie market,plenty of gold miners over there

[suse]

Hi all I am new to this forum keen to listen to any thoughts ideas what is going on with this company seems to be dragging their heels a bit lately
Nothing is going on with this company. My advice is dont invest. Dont get sucked in by the hype especially from some of the top 20 shareholders who are the flag bearers on this forum.

[Bluemanarc]

Yes the last Capital Raise said that the pilot plant would be scaled up to produce X amount of gold over a 2 year period.
This did not happen, and no gold was produced and I think that 2 year period may in fact be up now, with zero gold produced.
I am not sure why they have not at least run that pilot plant to process the prime ore from the vein face and provide some monthly revenue.

I would say this big business reshuffle of the chairs on the deck is in fact the next CR.
Not sure how they will couch this.
The worry is that even plan Z of selling the rocks to be processed has not eventuated, which tells me the actual ounce of gold per ton is not that flash. (Not ounce per ton of already processed ore that they showed us)
That would also explain why the pilot plant never got going.
They must have been hoping that greater concentrations of gold are further away.

All just my conjecture.
But someone high up nobbled the pilot plant at the last minute, we just don't know what that reason was.

[Getty]

Oh dear someones tipped the ping pong table right over.
Jonu's truck must have smashed into it, .4c buyer, .5c seller

[Bluemanarc]

Yep someone trying to quit 16m at .5c
Not likely to happen.
Now we are into end of year / early year time frame for NZ where zero happens the next 6 weeks.

[dubya]

Hi all I am new to this forum keen to listen to any thoughts ideas what is going on with this company seems to be dragging their heels a bit lately

This was posted 19th October peebee. Price then was 0.007. Now it's 0.005.


Is it too dangerous to even buy at .001
That is the level I would consider to get back in.

It has to now be a matter of time.
Can they hang in long enough to find a buyer of rocks or the mine itself, before they run out of money.

The writing on the tunnel walls is clearly that they don't have the money and time to get a gold processing plant operating themselves, in any form or fashion.

Potential for total bankruptcy and zero return on funds invested by shareholders is now real in my mind.

[dubya]

Yep someone trying to quit 16m at .5c
Not likely to happen.
Now we are into end of year / early year time frame for NZ where zero happens the next 6 weeks.


The only thing of any significance in the next 6 weeks will be that the CEO will be paid about $30,000. (thanks to those who supported the last capital raise)

[Getty]

that peebee put the heebie jeebies on the shareprice!!

[nztx]

that peebee put the heebie jeebies on the shareprice!!

someone must have kicked over the bucket marked 'good stuff' & discovered it was empty .. ;)

[nztx]

Anyone for a 0.004 microbit of NTL .. or too soon yet ? ;)

[Getty]

I've just been talking to my bank manager, to arrange an overdraft to double the Getty share at .1c, but he said not to behave like a gung ho loose cannon!

He obviously doesn't believe in the Gold Standard.

[nztx]

Have to congratulate the Board - mission almost achieved with SP firmly bedded down in the sand in the river running past the mine .. ;)

At this rate even the CEO may soon be looking to offload a bundle at giveaway rates .. ;)


The last hope may lay in Tourist trips around a once successful gold mine - over 100 years ago .. ;)

[Landyman]

Discl - I am a cynic

Dont be surprised if its our mate Bullish dumping his, and his family, and his buisness names shares on the market before he resigns. He doesnt seem to care morally or ethically - I say this in the context that it would have been very easy to post on here as MattHill and declare who you were.

Cynic and bitter!!

[Getty]

While NTL has been coming in from the back door, a la Pike River Coal, the DOC boys have been sneaking in via the front door adits that face onto that river.

[nztx]

I'm interested in what the resident native snail population in the vicinity are seeing & hearing.. ;)

[Getty]

They have been sworn to secrecy, on the promise of some Ambrosia.

[Getty]

I'm interested in what the resident native snail population in the vicinity are seeing & hearing.. ;)

Oh sorry, I just realised you meant the Terror Softer staff

[Getty]

I've just been talking to my bank manager, to arrange an overdraft to double the Getty share at .1c, but he said not to behave like a gung ho loose cannon!

He obviously doesn't believe in the Gold Standard.

Oh no, the sod has just snookered me.
He's just added 15M buy on top of the 5M @ .1c!!

[dubya]

Discl - I am a cynic

Dont be surprised if its our mate Bullish dumping his, and his family, and his buisness names shares on the market before he resigns. He doesnt seem to care morally or ethically - I say this in the context that it would have been very easy to post on here as MattHill and declare who you were.

Cynic and bitter!!

bullish oh bullish. I had forgotten about him!!!!.........nah not really :)

This was one of his bullish's doozies written only 5 months ago:


"WOW WHAT A SMART INVESTOR YOU ARE ....or possibly a recipient of a fecal transplant..INVESTING BEFORE THE COMPANY LISTED.........1986 you say..............Any tips of stocks not listed yet that we can all invest in????

Its pretty easy to measure CR. Look at every prior CR and cash balance at time of raise........average that and it will give you a better idea than guesses as to likelihood and timing"


Yup.....a real good communicator was our bullish :t_down:

And my offer from July still stands 'bullish', as I STILL haven't had a chance to reply to your personal message when you asked me about Mathew Hill.


Message for 'bullish" (cos I reckon ya still come to this forum to read it :cool:) but now only as a guest.:t_up:

I didn't get a chance to reply to your personal message the other night when you asked me about Mathew Hill lmfao.
Hopefully you'll have a lot more free time on your hands in the very near future, so if you're ever down Christchurch way, get hold of me and we can catch up for a coffee and I can tell you what I think face to face.

[steveb]

Well the options from the capital raise time before last are worthless no-one wants them,Company thinks they will be worth over 5.5cents one day.I just wish they would let us know when,I have a quarter million of them more fool me!

[Punts]

Wouldn't be surprised to see this dog sub .2 before xmas, even Jonu is dumping his dump truck.

Obviously there's a few who know what's going to happen to this dog and the fraudy over the hill guy.

[ThaiJohn]

Where's the gold, Matt?? Where's the gold?!?

[Landyman]

Well, someone thinks the gold is still there, cant sell unless there are buyers - maybe we see name change soon? Jonu Gold Mines Ltd!

[Getty]

Matty may be using the company credit card to mop up a few, as a window dressing exercise, or spite, he doesnt want me to get my .1c order filled.

[mfd]

Discl - I am a cynic

Dont be surprised if its our mate Bullish dumping his, and his family, and his buisness names shares on the market before he resigns. He doesnt seem to care morally or ethically - I say this in the context that it would have been very easy to post on here as MattHill and declare who you were.

Cynic and bitter!!

Surely Matt wouldn't sell his shares before resigning. Doing it the other way round would be much more lucrative.

[Baa_Baa]

The frightening part of a sub-penny dreadful SP going down is the diametric opposite of what investors had hoped for, i.e. % of invested capital lost by tiny movements in SP.

0.006 to 0.005 = 16.7% loss of capital
0.005 to 0.004 = another 20% loss, for only 1/10th of one cent decline!
0.004 to 0.003 = a further 25% loss !
0.003 to 0.002 = and then a 33% loss !!
0.002 to 0.001 = then halve whatever is left with a 50% loss !!!

And all of those losses are generated by only 5/10th's of one cent adverse movement in the share price. :scared:

Scary stuff for holders of a 20+ year recidivist under-performer propped up by endless optimism of shareholder speculators.

One day it might dig up some gold and reverse the declining fortunes, but if or when that happens is no better than a guess.

[RupertBear]

The frightening part of a sub-penny dreadful SP going down is the diametric opposite of what investors had hoped for, i.e. % of invested capital lost by tiny movements in SP.

0.006 to 0.005 = 16.7% loss of capital
0.005 to 0.004 = another 20% loss, for only 1/10th of one cent decline!
0.004 to 0.003 = a further 25% loss !
0.003 to 0.002 = and then a 33% loss !!
0.002 to 0.001 = then halve whatever is left with a 50% loss !!!

And all of those losses are generated by only 5/10th's of one cent adverse movement in the share price. :scared:

Scary stuff for holders of a 20+ year recidivist under-performer propped up by endless optimism of shareholder speculators.

One day it might dig up some gold and reverse the declining fortunes, but if or when that happens is no better than a guess.

Yikes Baa Baa that is frightening indeed :ohmy: I was lucky to get out for a loss when I did, fair to say it wasnt one of my better investments :mellow:

[steveb]

So if the Hill family have 75 million shares every time the SP ticks down it costs them $75K.Eo when the SP was close to 3 cents and they then destroyed the SP by a capital raise,the Hill family have lost the best part of $2m.Thats if they had close to that number of shares a couple of years ago.
I know its only on paper but you do have to ask if pulling $400k a year is worth the loss.So who is buying and why? 38m shares changed hands today.Someone could well be shaking out some cheap shares,so a timely reminder that insider trading is illegal,but with a $30k max fine one has to ask if the risk is worth it.

[Brain]

I suppose that one possible scenario is that the share price will be driven down and then the company ultimately taken private. With a rehabilitated mine and gold presumably ready for extraction this could be a very lucrative option for somebody with industry knowledge.

[steveb]

I suppose that one possible scenario is that the share price will be driven down and then the company ultimately taken private. With a rehabilitated mine and gold presumably ready for extraction this could be a very lucrative option for somebody with industry knowledge.
Very good point brain,perhaps helped along by a CR via private placement.They could easily place a couple of hundred million shares at say .004 at the mo push the SP down a bit further and .002 is not off the table,hence diluting shareholders stakes even further.

[Landyman]

Whats the trigger point requiring notification of change in holding? 1% of shares traded yesterday - I assume that it was 1 person buying the majority yesterday (could be very wrong on that). If so, enough to trigger an announcement?

[Getty]

The threshold is 5%.and only 1 s/h is above that, so no ann. expected, from the seller anyway, unless its that 1 s/h.

[Getty]

Mr Hill, now I've got you on the Matt,
Stop acting like a goat looking for the greener grass.

As per yr quarterly, 3 mineable targets have already been identified, just pick one that has the best mix of g/t and accessability.and like the Nike ad, just do it!
All this resource proving up etc, Smells like current shareholders funds are being burnt up to create resource proof to a bigger outfit to come in & takeover from existing demoralised s/holders.
I dont think any current s/h gives a **** what other resources are there for the meantime.
They just want to get some cashflow from what is known, to get NTL on a self sufficient footing!
You know, like the sure footed goat!!

With regard to posts higher up on this page, remember where you heard it first.

Middle sentence, 2/8/20

[Clints]

With regard to posts higher up on this page, remember where you heard it first.

Middle sentence, 2/8/20

What have you heard?

disc Not Held

[Getty]

TBH I havn't heard anything.

Its just an observation, of perverse actions/inaction by management

[Getty]

Meanwhile, back at the ping pong, the top 3 rungs on the sell side are unmercifully slamming $727K, while the defenders of the faith, on the buy side have only been able to muster up $33K, to clean out even the .2c exponents.

This could get ugly, some bolters are desperately required.

[nztx]

Definitely ... things are a bit stubborn ATM on reaching down to the 0.004 rung of the ladder, surprisingly ..

I was hoping Getty may have looked favourably at quitting one of his 'Getty Shares' just say things reached that low point .. ;)

[ThaiJohn]

Closed at 0.004.
What a disgrace.
Where's the f***** gold????

[Baa_Baa]

Closed at 0.004.
What a disgrace.
Where's the f***** gold????

A measly $2,500 sold at close loses all other shareholders a whopping 20% for the day.

[nztx]

Very late close @ 0.004 by looks

Share consolidation - anyone ? .. perhaps to buy any shuffling room for further Cap Raises ? ;)

but then I didn't say it .. after all any banks out there prepared to lend to a tardy slow moving
gold exploration outfit having difficulty even reaching the long range extraction dot on the wall chart
with little collateral to secure anything against ? ;)

There must be a well deserved 'no confidence vote' in the Board & Management on the way, surely ? ;)

Where's that Chinese outfit that was looking at buying things out (but didn't front on D-Day) ? ;)

$11.0 mill Market Cap must be attractive to someone somewhere - perhaps a well connected bidder prepared to
do a very thorough spring clean out of all the current tired talent onboard & get things rocking on the project .. ;)

[tommy_d]

$11.0 mill Market Cap must be attractive to someone somewhere - perhaps a well connected bidder prepared to
do a very thorough spring clean out of all the current tired talent onboard & get things rocking on the project .. ;)
a down move of 0.1 cent might make it even more attractive at about $7million.... just as long as the employment contracts are able to be terminated at one month's notice with no golden (with all the gold, right>?) handshake

[haewai]

Looking back at the Dec 19 Quarterly in some disbelief. Covid happened, but I don't remember any other reasons offered for zero results:


The strategy to build a non-chemical gravity plant implemented by management over the last 2 quarters has provided a self-sufficient alternate processing route. The final requirements for a larger plant consent, which requires data on both the recovery rate and sand produced after processing, is being accelerated in order for the processing of extracted ore to take place in the coming months.

With planning for the near term extraction of high grade ore in Dubbo, by way of vertical development in and around BM37 in the process of completion, it is expected the removal of high grade ore, suitable for gravity processing in batches at either the pilot plant (with some upgrades) or the larger plant to commence in the near term.

A processing route for ore from the Talisman Mine has been secured through signing of a term sheet detailing the conditions for development of a processing plant by Terra Firma Mining Limited. Other parties have approached the company with options for working with NTL on the project in various forms and these are also being reviewed with an aim to accelerating gold production from the bulk sampling project.

[Brain]

Looking back at the Dec 19 Quarterly in some disbelief. Covid happened, but I don't remember any other reasons offered for zero results:


The strategy to build a non-chemical gravity plant implemented by management over the last 2 quarters has provided a self-sufficient alternate processing route. The final requirements for a larger plant consent, which requires data on both the recovery rate and sand produced after processing, is being accelerated in order for the processing of extracted ore to take place in the coming months.

With planning for the near term extraction of high grade ore in Dubbo, by way of vertical development in and around BM37 in the process of completion, it is expected the removal of high grade ore, suitable for gravity processing in batches at either the pilot plant (with some upgrades) or the larger plant to commence in the near term.

A processing route for ore from the Talisman Mine has been secured through signing of a term sheet detailing the conditions for development of a processing plant by Terra Firma Mining Limited. Other parties have approached the company with options for working with NTL on the project in various forms and these are also being reviewed with an aim to accelerating gold production from the bulk sampling project.

Yes that is a very good example where NTL did not follow thru and we have to wonder if they ever intended to. A very promising announcement that just turned out to be smoke and mirrors. There has never been an explanation of why it didn’t happen. There are other examples as well.

there is no accountability with this company and I think they see themselves as untouchable.

[Landyman]

Very late close @ 0.004 by looks

Share consolidation - anyone ? .. perhaps to buy any shuffling room for further Cap Raises ? ;)

but then I didn't say it .. after all any banks out there prepared to lend to a tardy slow moving
gold exploration outfit having difficulty even reaching the long range extraction dot on the wall chart
with little collateral to secure anything against ? ;)

There must be a well deserved 'no confidence vote' in the Board & Management on the way, surely ? ;)

Where's that Chinese outfit that was looking at buying things out (but didn't front on D-Day) ? ;)

$11.0 mill Market Cap must be attractive to someone somewhere - perhaps a well connected bidder prepared to
do a very thorough spring clean out of all the current tired talent onboard & get things rocking on the project .. ;)

I think thats one of the big issues I see - the real miners out there dont seem interested, therefore its not worth market cap even at these low levels - just my opinion.

Buys in at $0.001 - might not be a good investment, if it gets that low, its probably turn out the lights time - were they ever on.

COme on Matt, you can do it!!! Show us some Bullish action, no more bull...pucky

[Clints]

Approx 3.5% of the Company's current MC is paid yearly to MH.

To put that in perspective, if the same was true for AirNZ then Greg Foran would be on $73,684,409 per annum.

[Getty]

I think thats one of the big issues I see - the real miners out there dont seem interested, therefore its not worth market cap even at these low levels - just my opinion.

Buys in at $0.001 - might not be a good investment, if it gets that low, its probably turn out the lights time - were they ever on.

COme on Matt, you can do it!!! Show us some Bullish action, no more bull...pucky

Yeah, come on Matty.
I'll lend you my sword, so you can do the honourable thing, and fall on it, right outside the mine entrance.

That way we can turn this whole damn thing into a tourist attraction,

Ned Kelly didnt even pinch half the amount of cash you have.

[steveb]

Maybe we should go a little easier on matt,some of the vitriol pouring out towards him is pure poison.After all we still want him to continue to read this thread,if I was him I would have been giving sharetrader a miss for a while.

[Landyman]

Take heart Mr Hill - share price is up 25% today :eek2:

[ThaiJohn]

Maybe we should go a little easier on matt,some of the vitriol pouring out towards him is pure poison.After all we still want him to continue to read this thread,if I was him I would have been giving sharetrader a miss for a while.

Go a little easier? No way, not at all. Matt Hill has only ever over promised and under delivered.
He is the CEO and the buck must stop with him. I think most here would prefer under promise and over delivery...or anything..SOMETHING! Answers and accountability, I want some and I will find it.

[Brain]

Go a little easier? No way, not at all. Matt Hill has only ever over promised and under delivered.
He is the CEO and the buck must stop with him. I think most here would prefer under promise and over delivery...or anything..SOMETHING! Answers and accountability, I want some and I will find it.

I totally agree with that but good luck with the answers and accountability part.

[Lion]

The frightening part of a sub-penny dreadful SP going down is the diametric opposite of what investors had hoped for, i.e. % of invested capital lost by tiny movements in SP.

0.006 to 0.005 = 16.7% loss of capital
0.005 to 0.004 = another 20% loss, for only 1/10th of one cent decline!
0.004 to 0.003 = a further 25% loss !
0.003 to 0.002 = and then a 33% loss !!
0.002 to 0.001 = then halve whatever is left with a 50% loss !!!


Up 50% today (- so far!) NTL is the top NZX gainer, # 2 is up just 4.29%
(Oh sorry, I almost forgot, we aren't allowed to post about good news here, are we? Go on, shoot me down, who's first?)

[gmatt]

Maybe we should go a little easier on matt,some of the vitriol pouring out towards him is pure poison.After all we still want him to continue to read this thread,if I was him I would have been giving sharetrader a miss for a while.

I was a top 20 holder 3-4 years ago and got out solely because of Matt Hill's attitude ...... didn't trust him then and he's since proven my judgement was spot on .... good luck to all shareholders

[ThaiJohn]

Up 50% today (- so far!) NTL is the top NZX gainer, # 2 is up just 4.29%
(Oh sorry, I almost forgot, we aren't allowed to post about good news here, are we? Go on, shoot me down, who's first?)

Ya jokin aren't ya. Is that you Matt?

[dubya]

I was a top 20 holder 3-4 years ago and got out solely because of Matt Hill's attitude ...... didn't trust him then and he's since proven my judgement was spot on .... good luck to all shareholders

I was never a top 20 shareholder, but ditto to the rest of what you've written.

[Getty]

Up 50% today (- so far!) NTL is the top NZX gainer, # 2 is up just 4.29%
(Oh sorry, I almost forgot, we aren't allowed to post about good news here, are we? Go on, shoot me down, who's first?)

Good news is more welcome on this thread than ANY other.

Its just that its so rare.

Thats not the posters fault, they cant be expected to bury their heads in the gold dust, oops, sand.

Ostunrichs

[ThaiJohn]

Up 50% due to traders. Whoopee. I want to see gold, as promised by a certain CEO.
Where is the gold Matt?? What is the hold up this time??

[Lion]

Ya jokin aren't ya. Is that you Matt?
Yeah, my guess was you would be first, John.
No, I'm not Matt.

[ThaiJohn]

Yeah, my guess was you would be first, John.
No, I'm not Matt.

And? I take it you are ok with current circumstances.

[nztx]

Up 50% today (- so far!) NTL is the top NZX gainer, # 2 is up just 4.29%
(Oh sorry, I almost forgot, we aren't allowed to post about good news here, are we? Go on, shoot me down, who's first?)

Sounds like fake news - where any good NTL news that actually looks like materialising is about as rare as a blue moon & should not be expected for another 125 years at current rate of progress in NTL's case . ;)

On a better note Congrats to those traders out there if they spotted an opportunity .. ;)

[Getty]

I've just received a Xmas card & calendar from Matty, thanking me for my support through the year.

While I was flicking through the pictures, the 7th of June 2021 was highlighted, and a note, C R.

I presume it was a reminder to buy some cheesy rolls.

Did the other top 20's notice that?

[nztx]

I've just received a Xmas card & calendar from Matty, thanking me for my support through the year.

While I was flicking through the pictures, the 7th of June 2021 was highlighted, and a note, C R.

I presume it was a reminder to buy some cheesy rolls.

Did the other top 20's notice that?


Are you sure that there there wasn't a Document enclosed proclaiming you to be Special Stakeholder
and therefore entitled to a special Christmas Loyalty 2023 Option issue on 1:1000 exercisable at 5.5c ? ;)

The Snail print on the bottom (if there) should signify it was genuine

If not - then either someone has picked up you posting on here, or you missed out on the Lottery
for these & have to wait for the next draw in 2024 .. ;)

[Brain]

MKTUPDTE: NTL: NTL Acquires Vanuatu Project

NEW TALISMAN GOLD MINES LIMITED SIGNS BINDING TERM SHEET TO ACQUIRE STRATEGIC
HIGHLY PROSPECTIVE EPITHERMAL GOLD AND PORPHYRY COPPER-GOLD PROJECTS IN
VANUATU

More smoke and mirrors. When will these guys understand they need to generate some cash?

They are a lost cause.

[Landyman]

MKTUPDTE: NTL: NTL Acquires Vanuatu Project

NEW TALISMAN GOLD MINES LIMITED SIGNS BINDING TERM SHEET TO ACQUIRE STRATEGIC
HIGHLY PROSPECTIVE EPITHERMAL GOLD AND PORPHYRY COPPER-GOLD PROJECTS IN
VANUATU

More smoke and mirrors. When will these guys understand they need to generate some cash?

They are a lost cause.

The strategic acquisition is the first step in the
restructuring of the NTL group into exploration and development businesses
which will be detailed further in the half year report to be released this
week.

Restructuring to become and exploration and development - who you trying to kid!!!! The word is exploitation!!
Maybe my glass is half empty, at least we know that they have been doing someting for the past ??? months

[Getty]

Here we go again!
Can ya believe it!
Always looking for the greener grass & the pot of gold at the end of the rainbow.

The Pacific rim of fire eh?

I knew a bloke who was involved in buliding a power line into one of those mines, and a week after they finished and departed, the locals blew the transformers & switch gear up.

Canterbury know when to bury the job, they found a bigger fool eh?

No wonder Jonu smashed a leg off the ping pong table the other day with his truck, in his haste to leave.

[Landyman]

Hold the phone............

If the restrucutre is to become an explorer again, then maybe............they are selling the hole in the ground/hill to someone?!?!?!
Might be time to buy back in!!!

[dubya]

Think of all the winter soujourns the CEO and management can make (all expenses paid of course) to Vanuatu. I'm sure they'll have a bit of down time for some swimming, snorkeling and sun bathing 😂😂😂

[youngatheart]

Well they now have another excuse to ask shareholders for more $$$$...

[Getty]

So C R on the calendar didnt mean cheesy rolls after all, it meant Canterbury Resources.

Ok Matty, you got me, for the umpteenth time.

[Getty]

Righto Matty, I surrender.

Just let me know how many shares you are allocating me at .2c, and I will get my secretary to arrange payment.

No need to provide us with the accnt number, we know it all too well from many times in the past.

[jonu]

Here we go again!
Can ya believe it!
Always looking for the greener grass & the pot of gold at the end of the rainbow.

The Pacific rim of fire eh?

I knew a bloke who was involved in buliding a power line into one of those mines, and a week after they finished and departed, the locals blew the transformers & switch gear up.

Canterbury know when to bury the job, they found a bigger fool eh?

No wonder Jonu smashed a leg off the ping pong table the other day with his truck, in his haste to leave.

I have just reported this post for malice.

I have not been selling, and in fact think this acquisition is a great added string to the NTL bow. The Board said they were undertaking a strategic review and we are seeing the first fruits.

We don't need idiots like Getty spreading malicious lies about a named substantial holder selling. As to what locals blowing stuff up....more malicious nonsense. I hope Getty's motives are examined at the most serious level of scrutiny available by the appropriate authorities.

[jonu]

Hold the phone............

If the restrucutre is to become an explorer again, then maybe............they are selling the hole in the ground/hill to someone?!?!?!
Might be time to buy back in!!!

First step....ignore Getty and his malicious lies.

Second step start joining the dots as to what is coming from the Review. Exciting times IMHO.

[Getty]

Heavy talk.
Its taken you quite sometime to deny you were the large seller, why the delay?
The Transformer story is factual.

[haewai]

How is NTL paying for this new asset? I couldn't see mention of this.

[jonu]

Heavy talk.
Its taken you quite sometime to deny you were the large seller, why the delay?
The Transformer story is factual.

I don't have to justify not responding to every liar at a moments notice. Just because you are in the habit of making false statements doesn't mean the aggrieved party has to respond at the drop of a hat, or at all.

I'm sure the appropriate authorities will be in touch at their leisure to quiz you on your motivations for willfully misleading investors on a Public Forum.

[Brain]

Hold the phone............

If the restrucutre is to become an explorer again, then maybe............they are selling the hole in the ground/hill to someone?!?!?!
Might be time to buy back in!!!

Yes from that statement it would appear they will not be mining which is a bit of a pity as we shareholders paid for the rehabilitation of the mine and all the salaries etc to assess the best way of processing the ore. I wonder which company they have lined up to buy the mine to generate enough cash to fund the exploration of Vanuatu?

[jonu]

I've just received a Xmas card & calendar from Matty, thanking me for my support through the year.

While I was flicking through the pictures, the 7th of June 2021 was highlighted, and a note, C R.

I presume it was a reminder to buy some cheesy rolls.

Did the other top 20's notice that?

No you didn't Getty....you made it up. What is your motivation?

[digger]

Heavy talk.
Its taken you quite sometime to deny you were the large seller, why the delay?
The Transformer story is factual.

Jonu was never the seller. I sold 60 million as I needed the money for the best price I felt I could get.My other shares are doing well and of the lot NTL came up as the one to unload . Simple as that. MY decision had nothing to do with NTL'S future prospects except that those future prospects seem in the near future not as likely as my other investments. I now have less than 40 million which I will keep. Sorry about that Jonu but it was amussing that others thought it was you. Shows you have to be careful about the junk you read on internet.
My guess in this Vanuatu investment is really to have some place where we can process NTL gold. In NZ the greenies are never going to agree on anything that will help NTL.

I

[jonu]

Matty may be using the company credit card to mop up a few, as a window dressing exercise, or spite, he doesnt want me to get my .1c order filled.

Just making sure some of these slanderous accusations are recorded

[jonu]

Yeah, come on Matty.
I'll lend you my sword, so you can do the honourable thing, and fall on it, right outside the mine entrance.

That way we can turn this whole damn thing into a tourist attraction,

Ned Kelly didnt even pinch half the amount of cash you have.

Again just making sure Getty's slanderous accusation is recorded.

[nztx]

So looking at the announcement - will it be a float off of Coromandel Gold as a rights issue
with a price tag ? ;)

What's sticking out a mile is it seems like possibility of 'the Terrible Twins' listed on both boards
here & Oz - both with their hands out for Shareholder Loot .. rather than just the one currently ;)

Will Matty Babe being paid by both at the appropriate rates for looking over a bit of picking around
the geography & nothing much further which yields any of the elusive gold stuff ? ;)

Let's hope folk with a taste for these sort of curious 'ventures' dont get to be found fools for their
hard earned gold thrown in .. not once but twice over .. ;)

[Brain]

Jonu was never the seller. I sold 60 million as I needed the money for the best price I felt I could get.My other shares are doing well and of the lot NTL came up as the one to unload . Simple as that. MY decision had nothing to do with NTL'S future prospects except that those future prospects seem in the near future not as likely as my other investments. I now have less than 40 million which I will keep. Sorry about that Jonu but it was amussing that others thought it was you. Shows you have to be careful about the junk you read on internet.
My guess in this Vanuatu investment is really to have some place where we can process NTL gold. In NZ the greenies are never going to agree on anything that will help NTL.

I

Yes the processing of gold can be done anywhere and the greenies cannot stop that. The greenies can stop the mining part and maybe they effectively have with only one blast event per day and 4 x 10 tonne truck movements per day.
Vanuatu does not help the viability of the NZ mine if in fact it is the mine access which is causing the problem.

It is time for NTL to be upfront about the real reasons for not mining. Digger as a shareholder with 100 million shares before you sold down you must have been keeping a close eye on your investment and talking to Matt. In your opinion why do you think the CEO and directors have consistently failed to deliver?

[digger]

Digger as a shareholder with 100 million shares before you sold down you must have been keeping a close eye on your investment and talking to Matt. In your opinion why do you think the CEO and directors have consistently failed to deliver?

Ntl's largest shareholder with 3.5 times as many shares as I ever had also wants the answer to that question.The govt change to labor three years ago and creaping green power has had a large effect. Take the same mine and the same people and put it in China tomorrow and gold would be coming out in good volumn by next month.
Matt did say to me about two years ago that this concentrate could be sent anywhere.No doubt if I am right about the concentrate being sent to Vanuata for processing the greenies will get the govt to stop it. But all please note this is just my idea[guess] that the investment in Vanuatu has this plan in mine.

[JSwan]

Strategic acquisition by NTL so that they can be acquired by OceanaGold ?! 😂

[Brain]

Ntl's largest shareholder with 3.5 times as many shares as I ever had also wants the answer to that question.The govt change to labor three years ago and creaping green power has had a large effect. Take the same mine and the same people and put it in China tomorrow and gold would be coming out in good volumn by next month.
Matt did say to me about two years ago that this concentrate could be sent anywhere.No doubt if I am right about the concentrate being sent to Vanuata for processing the greenies will get the govt to stop it. But all please note this is just my idea[guess] that the investment in Vanuatu has this plan in mine.

I used to think that this company would be successful and had accumulated about 8 million shares at one stage and have sold down to about 1 million. I intended to keep those shares to make sure that I kept an eye on NTL and when things changed I would reinvest. I don’t see that anything will change now. Gold will not be dug out of the Talisman mine and Exploration in Vanuatu will be expensive and time consuming and we shareholders will have to finance it.
I think the clock has been turned back 5 years at least. If the people who are in top 20 shareholder category do not understand what’s going on and cannot get answers then this is truly a bad situation. As I write this the price of gold is about $2600/oz

[Flugenbear]

I used to think that this company would be successful and had accumulated about 8 million shares at one stage and have sold down to about 1 million. I intended to keep those shares to make sure that I kept an eye on NTL and when things changed I would reinvest. I don’t see that anything will change now. Gold will not be dug out of the Talisman mine and Exploration in Vanuatu will be expensive and time consuming and we shareholders will have to finance it.
I think the clock has been turned back 5 years at least. If the people who are in top 20 shareholder category do not understand what’s going on and cannot get answers then this is truly a bad situation. As I write this the price of gold is about $2600/oz
I agree. The cost to develop another mine will not be cheap. To me it almost suggests they are giving up on Talisman for now, perhaps wait for a change in government, which may or may not help. Either way I think this is the nail in the coffin for any near or medium term gold production. I won't necessarily point the fingers at who is to blame, the challenges were always there and perhaps us shareholders were a little too hopeful. But one thing is for sure, communications from NTL since I have been a shareholder the last 4 years have been generally appalling. At one point held 20 million but have now sold almost everything the last year. Hopefully the very patient will be rewarded.

[tommy_d]

I have just reported this post for malice.
.
funniest thing
i assumed (without evidence) that the recent announcement by nzx that they are examining auditors of some nzx listed crew for fraud was ntl. maybe someone else? who knows. I doubt it

[tommy_d]

I'm sure the appropriate authorities will be in touch at their leisure to quiz you on your motivations for willfully misleading investors on a Public Forum.]
correct me if i'm wrong, i believe that FMA are still investigating Matt, no statement that he isn't guilty of criminal wrongdoing?

[mfd]

An enormous distraction from an already glacial project in NZ. If the purpose is to process NZ gold I see no reason they would need to buy a vehicle like this rather than any old scrap of land anywhere in the islands. As for purchase price, presumably this is like the Rahu purchase a year or two ago which must have come pretty cheap as it turned out to be worthless as it couldn't be mined on DOC land.

[nztx]

If this is a NTL purchase & a major purchase then will it require Stakeholder approval ?

What happens if that doesn't happen & stakeholders kick it out the side door, telling Matty
(from this) to focus on the said project supposedly in hand instead without landing another
cash hungry lead weight on NTL & potential Coro Gold stakeholders ? ;)

As a sweetener - maybe an in-specie distribution of shares in Coro Gold from NTL- but with further
Cap Raises by Coro Gold ; placements & listing in NZ / Oz off the NTL shareholder base ? ;)

In similar fashion to Ecademy & the other float off's in past years, HGL/NTL retained stakes in the
sponsored float outs .. sold in time, but importantly providing further working capital which didn't
to come from existing holders in form of further Cap Raise ..

but who knows -- until the fat lady sings & up-ends the revised future plan on the deck in place
of even a whiff of any grains of the Gold Stuff having been produced for all the millions
tossed in the pot so far .. ? ;)

[Brain]

An enormous distraction from an already glacial project in NZ. If the purpose is to process NZ gold I see no reason they would need to buy a vehicle like this rather than any old scrap of land anywhere in the islands. As for purchase price, presumably this is like the Rahu purchase a year or two ago which must have come pretty cheap as it turned out to be worthless as it couldn't be mined on DOC land.

We never new what NTL paid for Rahu as it was a confidential settlement. Clearly plenty of fish hooks in that deal.
I bet there will be plenty of fish hooks in the Vanuatu deal as well. I would of thought that the big boys would have deeper pockets and pay Canterbury resources way more than NTL for this rare opportunity to acquire a strategic holding in the Pacific rim of fire. NTL is smaller than a minnow. I thought NTL developing a boutique mine in the coromandel was possible. Vanuatu is way above their capabilities.

[jonu]

]
correct me if i'm wrong, i believe that FMA are still investigating Matt, no statement that he isn't guilty of criminal wrongdoing?

Has there been a statement that you aren't guilty of criminal wrongdoing? Does that mean you are under suspicion? Of course not.

Think before you post!

[haewai]

Has there been a statement that you aren't guilty of criminal wrongdoing? Does that mean you are under suspicion? Of course not.

Think before you post!

Nah, get with it. Your mate Hill is still under investigation: https://www.stuff.co.nz/business/122037402/investors-nervous-as-fma-prods-new-talisman-gold-boss-online-forum-comments
Board and mgmt have zero credibility to me. They're actually the same outfit anyway, with two of the board also overly highly paid consultants to NTL. And what about the replacement independent director for the Finance and Audit Committe, They seem in no hurry to replace him, wonder why.

[Getty]

Good morning Jonu.
Sorry to call into question your truck driving skills, when it turns out you were not driving the get away vehicle.

Sorry you are so piqued at not receiving any Xmas cards, but if you pop your address on here, you may get one.

Interesting to note you have copied and re aired some of my emails.
I had no intention of deleting, but you have shown your colours, that you would have.

Now, did you do the same process with all bullish/MH emails, NO.

Just relax your double standards, and we'll get along fine.

Merry Xmas.

[Landyman]

Nice to hear your thoughts Digger. As you say, you had other opportunities better than this.

My next question is, who bought those 60m? Someone else is confident, ambitious, dare I say it.............feeling bullish :-)

[Landyman]

The second half of the year saw the commencement and completion of the first stage of a strategic
review of the business covering areas such as structure, board composition, and short term initiatives
which can directly impact shareholder value. Initial recommendations resulted in a decision by the board
to restructure the business into Exploration and Development entities to focus New Talisman Gold
Mines Limited solely on activities underground which directly impact development and production at
Talisman, including the underground exploration activities previously announced to build reserves and
resources and to be undertaken in conjunction with development activities

The board resolved that all other exploration opportunities within the group will be undertaken through
the listing of Coromandel Gold Limited (CGL, a wholly owned subsidiary of NTL). The board determined
that CGL will be a standalone business and other than a small loan to cover compliance listing costs
will be funded independently of NTL. Directors believe this will allow for the full value of exploration
initiatives and production activities to be reflected in the resulting share price of each company. As
outlined further one of the first major steps in the development of CGL is the acquisition of a significant
new project in Vanuatu.

[Landyman]

WOW
There is now only one remaining requirement to be met prior to blasting, which is the appointment of
a registered mine surveyor. This is one of several statutory appointments required under the Health and
Safety in Employment (Mining Operations and Quarrying Operations) Regulations 2015 which WorkSafe
have advised would be a prerequisite to commencement of activities at Mystery. A suitable surveyor has
been identified and NTL is in the process of appointing the surveyor for the full term of the Talisman
mine project


It is important for
shareholders to understand that the triggering of the resource consent for bulk sampling early would
have significant impact on the economics of the bulk sampling project.

[Landyman]

My god - we are getting answers - hoorah

Pilot Plant
While initially the company envisaged the ability to process
high grade batches the resulting consent provided for only
a limited 10t of ore which would require a new consent
for each 10t volume. This has precluded the ability to
process high grade batches of ore continuously through
the pilot plant due to the increased costs and repetition
of consenting rendering this approach as uneconomic.
The board has determined that management resources
are much better focused on development of a new plant
which will cater for the long-term full-scale production
once the bulk sampling programme is complete.

[Landyman]

So Coromandel Gold is a wholly owned subsidiary.
Coromandel bought Vanuatu from Canterbury for undiclosed cash and shares.
THerefore NTL must have funded this - or potential the cash doesnt need to be settled for a while?

Is the CR therefore only going to be from Coromandel in future - so they are going to list on the NZX? If it raises nothing, no exploration?
NTL 1.8m in the bank, enough to get production happening?? We dont seem to know

[nztx]

So Coromandel Gold is a wholly owned subsidiary.
Coromandel bought Vanuatu from Canterbury for undiclosed cash and shares.
THerefore NTL must have funded this - or potential the cash doesnt need to be settled for a while?

Is the CR therefore only going to be from Coromandel in future - so they are going to list on the NZX? If it raises nothing, no exploration?
NTL 1.8m in the bank, enough to get production happening?? We dont seem to know

Wasn't Coro Gold planned to be a dual listing - NZX & Oz ?

[bucko]

The progress in NZ over the last decade has me filled with absolute dread that this is just another carrot being dangled infront of shareholders to justify another CR which not only will go towards a $00k salary for a zero revenue generating CEO but also some overseas travel expenses added into the mix.

Bearish

[steveb]

Well,well,well.

Here we are again,board seems to have gone off on a tangent,why can't they just concentrate on just one thing at a time.To be honest shareholders are only rally interested in production,not more pie in the sky.If they think a capital raise on the back of this report is going to fly just look at the stockprice stuck on .006 with still the same 40 odd million shares for sale.

That Mr Hill and co is what Mr Market thinks of your plans.

[Landyman]

I appreciate that they finally answered some of our questions. eg why the pilot plant wasnt a go - shame they didnt realise the 10T requirement to ask for a new consent before they had it commissioned.

[ThaiJohn]

Again just making sure Getty's slanderous accusation is recorded.

Come on Matt. You once threatened me with the exact same line and like I told you at the time, you have got too much time on your hands if all you want to do is chase people for alleged slander and defamation. How about putting those energies into getting the gold out of the ground. That's what you are paid to do.

[jonu]

I appreciate that they finally answered some of our questions. eg why the pilot plant wasnt a go - shame they didnt realise the 10T requirement to ask for a new consent before they had it commissioned.

I think the goalposts may have been shifted on them.

Dots are beginning to be joined. Snail's pace I know. What do you think will happen to the SP if the strategic review comes up with a pathway to a processor?

I think the Vanuatu/Rahu/Exploration spinoff in a Coromandel Gold listing can only be a good thing. Rather than being a distraction, it separates these activities out and leaves NTL with its direction clear.

[Landyman]

I think the goalposts may have been shifted on them.

Dots are beginning to be joined. Snail's pace I know. What do you think will happen to the SP if the strategic review comes up with a pathway to a processor?

I think the Vanuatu/Rahu/Exploration spinoff in a Coromandel Gold listing can only be a good thing. Rather than being a distraction, it separates these activities out and leaves NTL with its direction clear.

If the strategic review gives us a pathway to processor (I hope it does) with timelines and costing, then I can see the SP lift nicely.
Personally, the exploration stuff is just noise at the moment - I would have prefered that Coromandel Gold may have been self funding from ore extract, but these "opportunities" dont always come along at the right time.
If they were smart, they will have bought (the cash they mention) as a trailing payment ie wont be paid over until there is cash received.

Exciting times for sure - smoke and mirrors? we wait (again) and see.

[mfd]

They have given timelines and costings for production before - the pilot plant was meant to be spewing out cash but it seems they didn't read the permit correctly going by the current excuse. I would not trust any new timelines presented by the company.

Glad I sold out a few months ago and I see no reason to buy back in. The Vanuatu distraction is another red flag for those still considering their position.

[nztx]

Anyone pick the point on Coro Gold & how NTL intends paying up for the Vanuatu bits & pieces ?

Settlement - a mixture of cash & shares did the Interim Report not state ?

A shame the Interim Report is so vague, but then such announcements (likely to require
holder approval - say major transactions) should & could be better dealt with in separate
announcements on their own - not as a part of an Interim Financial Report as a first off..

Was news on progress so poor for the six months that it had to be stuffed with mention of
Coro Gold & Vanuatu ? Ask yourself .. ;)

It looks like existing holders in the exploration assets have been already diluted further with addition
of intending new holders to Coro Gold - depending on how NTL looks at it's own loyals - in-specie share
distribution in Coro Gold, or cash issue for Coro Gold. or a mix of both before Coro Gold gets listed .. ;)

Congrats all NTL existing holders - out of this you will ultimately have a lesser fraction of the long ranging exploration
100% as earlier - with appropriate diluted interest in Vanuatu spec job thrown in the bucket .. ;)

Out of this it seems that NTL Board now realise they have reached the end of the CAP RAISE trail
& have to resort to a more creative bag of tricks to further bankroll things into the future .. ;)

It surprising that a share consolidation hasn't been tossed out from NTL for digestion, but that could be still
under consideration too - who knows .. ;)


Page 8 - Interim 30 Sep 2020 Report -

"Exploration spin off

The board believes that the maximum potential for shareholder value can be developed by separating
exploration assets into a separate listed entity Coromandel Gold Limited and acquire projects which
have similar characteristics as outlined in the recent release, The development of a separate listing
provides independent funding of the exploration projects cementing the key focus on production from
New Talisman’s flagship asset the Talisman Gold Mine.

Following the determination to spin off Coromandel Gold the company commenced negotiating with
Canterbury Resources Limited (ASX:CBY) on its highly prospective Vanuatu projects. As announce
on 10th December, NTL has executed a binding term sheet to acquire a highly prospective project in
Vanuatu from Canterbury Resources for an undisclosed package of cash and shares."

[Landyman]

Any newbies reading this - DO YOUR OWN RESEARCH - gold fever may or may not lead to gold nuggets

[Brain]

I appreciate that they finally answered some of our questions. eg why the pilot plant wasnt a go - shame they didnt realise the 10T requirement to ask for a new consent before they had it commissioned.

They should have told us about this long ago. These guys are totally incompetent.

[ThaiJohn]

Any newbies reading this - DO YOUR OWN RESEARCH - gold fever may or may not lead to gold nuggets

Nuggets alright, but they wont be gold :p.

[bucko]

What's going to come first...SpaceX puts a man on Mars or NTL makes some revenue, dare I suggest it...profit?

[Joshuatree]

Its worth reading through what the CEO posted under two nicks to get a good perspective on how much one values the trust and integrity of CEO Matthew Hill and the lengths he will go to.

NTL Holding thread (https://www.sharetrader.co.nz/showthread.php?11848-NTL-Holding-thread&goto=newpost)

[Brain]

I think the goalposts may have been shifted on them.

Dots are beginning to be joined. Snail's pace I know. What do you think will happen to the SP if the strategic review comes up with a pathway to a processor?

I think the Vanuatu/Rahu/Exploration spinoff in a Coromandel Gold listing can only be a good thing. Rather than being a distraction, it separates these activities out and leaves NTL with its direction clear.

With all due respect Jonu probably a number of us current and previous investors probably see thinks a bit different from you. It is good to read your perspective but NTL should have informed us shareholders of the 10 tonne fish hook as soon as they discovered it which should have been at the time that they received the consent. This is very material information. I was expecting them to start generating some cash flow by putting high grade ore through the plant as they suggested would be the case.

If the strategic review comes up with a pathway to a processor than I along with many other investors will be sceptical. NTL have consistently never done what they said they will do so why should it change now. If for some reason the share price does respond positively I will sell 900,000 of my remaining million shares. I will keep 100,000 just in case there is a significant change in the attitude of board and management and I see that there is a remote chance that they may make a go of this mine and then I will participate in the inevitable CR.

I think it is about time that NTL present their case as to why they have been totally unsuccessful in advancing this mine. There will be one of two reasons or possibly a mixture of both. It is either management and board incompetence or a wall of resistance from greenies embedded in positions of influence in local body and or government. If it is the latter then we shareholders would probably show some understanding.

For the life of me I cannot see how these guys are going to raise any more money unless they get the shareholders on board and that cannot happen if they continue to keep the shareholders in the dark.

[ThaiJohn]

Bang on Brain. Well put.

[haewai]

A pathway to a processor has been a priority for a long time, and a failure of the company. Am unclear why it needs to be hyped up as an element of the strategic review.

[Felonius]

A pathway to a processor has been a priority for a long time, and a failure of the company. Am unclear why it needs to be hyped up as an element of the strategic review.

A FOOL AND HIS MONEY ARE EASILY PARTED.

And so it has been with this company for a very long time - (in earlier years New Talisman was called Heritage Mining).
I was a shareholder for close to 20 years before selling out 6 months ago.

Fool me !!

The COCKROACH THEORY suggests that if you see one cockroach you can be pretty sure there will be more.
It applies directly to the art of investing, and to New Talisman in particular.

Consider the following :
1. How many times have we swallowed statements of intent or plans issued by NTL, only to see them disappear into the ether ?
2. I have met & listened to Matt and the Board at AGMs. Their responses to well-considered questions invariably left me troubled.
3. Make what you will of Matt's commenting on Sharetrader under a pseudonym, and more particularly the nature of those comments.
4. Do not overlook the tacit support he received from the Board when his behaviour came to light.

Commentary from other members of Sharetrader and the weak share-price suggest that I am not alone with my concerns.

When the shares touched 4 cents recently I wondered how management would keep NTL afloat. Now we have our answer ... by raising the possibility of upside in a gold prospect in Vanuatu NTL may succeed in diverting the attention of certain punters from it's Waihi debacle.

Is this another cockroach ?
You decide.

But don't forget : A Fool and his Money are easily Parted.
And remember - there are plenty of GOOD companies out there.

One final comment.
Why am I expressing my views on NTL and Matt Hill in particular when I am no longer a shareholder ?
The reason : I would like to prevent others from falling into what I believe to be a cleverly-baited trap.

Happy investing!

[ScrappyO]

[QUOTE=Felonius;862048]A FOOL AND HIS MONEY ARE EASILY PARTED.

And so it has been with this company for a very long time - (in earlier years New Talisman was called Heritage Mining).
I was a shareholder for close to 20 years before selling out 6 months ago.

Fool me !!



I agree Felonius.
I was captured by Heritage Gold at one point. This Vanuatu prospect reminds me of broken hill which came to nothing.