https://www.nzx.com/companies/NTL/announcements/252141
Printable View
Is that a light at the end of the tunnel
or the 2.15 karangahake express loaded with gold ore:)
Report not looking terrible. May look into a small parcel
MEETING: NTL: AGM and Closing Date Director Nominations
Moosie for President!
I was just thinking about these bad boys,
https://www.nzx.com/companies/NTL/announcements/253341
https://www.nzx.com/companies/NTL/announcements/253342
NTA figure to 1.5c now, 700%, yes 700% increase. Book keeping I know, but looks a lot more impressive than the 0.13 showing previously. Looks like we are ready to rock and roll although another glitch of sorts on the financing/convertible note.
Permission to enter has been granted
http://www.asx.com.au/asxpdf/2014080...7q8g4vwvlz.pdf
You can still get them in Australia for .9 or an Australian cent or roughly 1 cent Kiwi. Not many but some there.
they are still waiting for planning permission to upgrade the access roads though arent they? im holding off till then, then hopefully its going to start raining golden nuggets of joy :)
Time for me to buy!
Maybe things will liven up a bit,- been pretty hohum for months.
Hope the Greens dont get in and can it just as it starts up. Aaaaaaaaargh
That would be a tad frustrating.
Disc: Still holding, bottom drawer left hand side.:)
Could/should be an interesting few weeks. Very few on offer in Oz now. Market behaviour always continues to amaze. A further upwards movement will probably attract the bandwagon jumpers, when they should be jumping now!
Yes, even fewer on offer now on the .asx after today's buying - only 25k left showing under 1.6c.
The ducks are lining up but are NTL running out of time to start mining? Still roads and more cash required, and yet their work permit obliges them to start operations by November.
Discl: holding (enuf)
Leaky ship today? One large purchase. Need Oz to follow suit now.
Miner regrets to inform that he has over a period of time been unable to arrange a mine visit. From this point its probably only going to get in the way of production so we will have to leave it there. The last answer I got back was " soon" and I have heard nothing since.
Looks like we should be getting out the picks and shovels:)
[QUOTE=Minerbarejet;500094]Miner regrets to inform that he has over a period of time been unable to arrange a mine visit. From this point its probably only going to get in the way of production so we will have to leave it there. The last answer I got back was " soon" and I have heard nothing since.
Looks like we should be getting out the picks and shovels:)[/QUOT
Hello Minerbarejet.
A visit would have been nice but thanks for your effort anyways. Cheers
:)
Rahu Resource Declared and Application Lodged
https://www.nzx.com/companies/NTL/announcements/254401
An independent report filed with the application declares an inferred and indicated resource of 2,394,573 tonnes at 0.54g/t gold for 41,591oz gold using a cutoff grade of 0.3g/t and 258,419oz Ag. This has been based around the extensive work conducted by NTL over the period it has held the Rahu exploration permit. The Company has applied for the EOL as a contiguous piece of land to the Talisman MP. This required successfully obtaining consent to overlap a small piece of land held by another mining company.
In the back draw as ever, but still holding. Fingers crossed, need to get on with it though!
Yes, It's been an awwwfully long time coming but assuming this is approved, it adds 25% to the resource "to just under 250,000 oz of gold." Excellent news indeed!
Now if we could just get 25% added to the share price for starters would be even better. Dont think this sank in at all with Mr Market.
Treated it with complete ignore or perhaps obliviousness more likely.
I'm chuffed there seems to be a connection. Looks like the Ohinemuri carved a canyon right through the middle of the field.
This in from Proactive. A few bits extra to the announcement re Rahu
New Talisman Gold Mines increases total gold resources by 25%
Tuesday, August 26, 2014 by Proactive Investors
http://www.proactiveinvestors.com.au...c109614cfa.jpgNew Talisman Gold Mines increases total gold resources by 25%
New Talisman Gold Mines (ASX:NTL) has filed an application to include the Rahu exploration permit into the Talisman Mining permit after declaring a Resource over Rahu.
Rahu has an Inferred and Indicated Resource of almost 2.4 million tonnes at 0.54 grams per tonne, or 41,591 ounces of contained gold, increasing the company’s total Resource by 25% to just under 250,000 ounces.
This is part of its strategy to ensure the future growth and expansion of the Talisman Project.
Talisman is located on the Coromandel Peninsula and had previously produced 1 million ounces of gold and 3 million ounces of silver.
“Whilst continuing to complete steps toward the Talisman Mine, the technical team have completed a significant body of work to make an application on Rahu and have met the criteria set out in the minerals program,” chief executive officer Matthew Hill said.
“It has always been our view that Rahu is an extension of the Talisman Vein systems and would become part of the longer term future of the sustainable mining development at the Talisman mine.
“The Rahu deposit has increased the Talisman Groups total resources by approximately 25% to just under 250,000 ounces of gold.”
Rahu Resource
New Talisman has completed about 2,492 metres of drilling at Rahu, which together with previous drilling campaigns and geological investigations, provides evidence its mineralisation and alteration present represents the upper levels of and northern extension of the Talisman epithermal gold system.
Most of the drilling has intersected broad zones of low-medium grade gold and silver mineralisation with narrower higher grade intervals.
This is characteristic of the upper parts of an epithermal system.
Highly mineralised quartz vein fragments (up to 7.6g/t Au) in hydrothermal breccia zones present within drill core attest to the presence of deeper higher-grade quartz veining that is characteristic of the veins mined within the Talisman Mine.
It also provides further evidence that Rahu is an extension of Talisman. The EOL to include Rahu in the Talisman MP will allow for a natural extension of mining operations from the Talisman.
Rahu has an Indicated Resource of 277,669 tonnes at 0.6g/t gold and 8.79g/t silver and an Inferred Resource of 2,116,904 tonnes at 0.53g/t gold and 2.64g/t silver.
Talisman Gold Mine
New Talisman was earlier this month authorised to enter and operate the Talisman gold mine permit on the Coromandel Peninsula.
A work program is currently underway to exploit target areas, including Rahu, while discussions are progressing with a major gold producer regarding the potential for a joint venture arrangement on exploration targets at Rahu.
The company is also working closely with the New Zealand Department of Conservation to finalise the regulatory aspects of its trial mining project plan.
Talisman previously produced 1 million ounces of gold, 3 million ounces of silver, and has a current JORC Resource of 205,000 ounces of gold from two separate mines, Talisman and Crown.
The Talisman permit area has the potential to host between 0.55 million to 2 million ounces of gold and between 1.5 million to 6 million ounces of silver.
The vein systems within the two mines extended over a strike length of 1,000 metres and depth of 700 metres.
Both historic mine areas are now held under a single 25 year permit to mine.
A Pre-Feasibility Study completed in 2013 confirmed an initial Phase One life of mine of 5 years to generate NZ$68.2 million in revenues for a cash surplus of NZ$23.4 million.
Start-up capital was estimated at NZ$5.4 million.
Analysis
While the Talisman Gold Mine already offers compelling economics, the addition of an additional 41,591 ounces of contained gold from the Rahu to the existing 205,000 ounces is value accretive.
This could also draw the major gold producer that it is already in discussions to sign a joint venture exploration deal.
The next steps for NTL will be the lodgement of a health and safety management plan by the end of August. Ore stockpiles will be readied for treatment once the company has finalised toll treatment arrangements.Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.
Thanks Miner. Any thoughts on who the major gold producer is?-Newmont?
Some back of the napkin calcs here. Current market cap 6.5 million NZD. Approx 250,000 oz Gold resource. From memory mining costs of $600 oz. Let's say $800 to cover any extra expense at Rahu. Current POG $1280 USD. I make that better than $650 nzd an oz profit. Multiply by 250,000 oz = 1.62 billion PROFIT.
Am I horribly wrong here?
Cheers cyclist. My calculator didn't have enough digit spaces. Apologies for error to all readers. Still, at 162 million profit she still looks awfully cheap at 6.5 million market cap.
The volume of NTL shares traded has picked up significantly of late.
Sorry, someone should have welcomed you to this thread by now. It has picked up quite a bit but the price hasnt done much- usually takes a couple of days for things to sink in over in Oz so we may still see some interest from the Rahu announcement. We are all hanging in there.
Cheers and welcome:)
Welcome R3V3R3NT. That's hard to type.
I was bought here many moons ago after a wild moose appeared to me in a dream and suggested that I didn't have any gold in my portfolio. I have been in the wilderness for some time now without seeing any gold and the acronym DYOR ringing in my mind.
Disc: Wasn't really Moosies fault but I always believe the last opinion I read and his was in front of me at the time.
Hi all, and welcome new users,
I have held this stock now for a long time, and have seen no real returns apart really. I think a lot of other long term holders are in the same position and would like to see this ball rolling. As for the gold producer, I would say it is Newmont. Wouldnt want to have to ship our ore to a far off producer if we dont have to, and Newmont is very close to the Karagahapi Gorge and the mine, so that would be a safe bet.
I am looking forward for things to come, when people start writing about the company, such as ProActive, it is generally a good sign. Recently another one of my stocks just started to get covered by proactive and it brings a lot of interest, so this is a good sign. Hopefully we will see some real progress made soon, really we are waiting for one announcement that regarding maybe a JV with a gold producer or the like. That day will change this stock. But it also may never come. Who knows, we all know the risks involved in a small startup mining company, and if you dont you probably shouldnt be here :eek2:
Dej
Not your fault Moosie. I bought this in a fit of excitement at 2.5. The SPP actually saved me as I bought way more than my initial holding and now my average is within striking distance 1.4 cents. Its actually kind of cool owning a gold mine. I will be hanging in there for the long haul.
Bit confused about all this...
New Talisman Gold Mines Limited (New Talisman) intends to undertake an offer of up to 204,219,035 new listed shares (the Offer) from the shortfall from the pro rata 1 for 2 renounceable rights offer which closed on 6 June 2014.
https://www.nzx.com/companies/NTL/announcements/254587
and
For the purposes of Listing Rules 7.12.1 New Talisman Gold Mines Limited advises the following
Securities have been issued:
a Class of security Ordinary Shares
ISIN NZHERE0001S6
b Number issued 4,375,000
c Nominal value $35,000
d Payment terms Payable in cash
https://www.nzx.com/companies/NTL/announcements/254587
So, Geoff Hill gets to pick up $4.3m shares at .08 now that price has firmed from .08 (at time of rights issue) to 1.0 - 1.1 ? (after Rahu and 3 other price sensitive announcements)
https://www.nzx.com/files/attachments/199572.pdf
Do we all get this opportunity?
I am probably misunderstanding it, but need help here
'I found it.
The shortfall shares can be placed at the discretion of the Board no later than 3 months after the closing date of the offer which is 6 September 2014.
https://www.nzx.com/companies/NTL/announcements/251517
But it doesn't make me any happier...
Some dilution to come. Who else will the board favour?
Immediately after the only partly successful rights issue NTL advised that they would "seek 204,219,035 shares prior to 6th September 2014 $1.63M", hence today's announcement.
It will go to soph's probably at one, two or three cents below vwrap, but if it fully capitalises the venture all shareholders will benefit as the company can thus now move forward and get on with mining the glittery stuff.
It is a shame that we kiwi's put all our hard earned cash into real estate rather than companies like NTL, must be a total frustration for small start-up's like this, could though also be something to do with asking price too.
And possibly due to the fact that this has been a sink hole for investor cash for close to 2 decades....
I don't much like the dilution either, but at least it is directors hoovering up shares and not unloading, albeit at a discount.
Who is going to the AGM at 11am on Wednesday 10 Sept? Lol.
Has it yet been discussed that at AGM it is up for vote to allow NTL to create even more shares in the next 12 months?
Relevant ASX rules require the price be no lower than 75% of the 15 trading day VWAP up to the placement date.
The purpose is bulk sampling preproduction etc...
Is this because the undersubbed shares will expire or just readying for another capital raising?
I am going are you Robo24 ? Have much to discuss before any more money goes into this mine.
One of the things I want to sort out is security with the gold. How do you stop a worker taking off with a good chunk,or even a mamagement insider job.This sort of security the banks and accountants have to deal with all the time.
Look forward to the meeting but even more so to the after meeting. It brasses me off that too many people just go for the eat afterwards and we end up shorting the meeting for the eats. The nZO meeting in Auckland last week was bad for that. Just got things going and the pies were getting cold so apart for me and about two others the pies won over discussions.
Attachment 6211
Hats off to the man selling at 8c, I like your optimism.
On a side note, looking pretty sparse out there.
From what i take from this announcement, this is going to be the final sampling where we will know to a high percentage of accuracy what are going to be the yields etc from this mine? accurately predict weekly production rates etc? Am i correct in assuming this?
Crush it, process it, sell it - SP lift due soon(?!?!?)
The market is waiting for some guidance on what's going to happen to the undersubscribed and potentially newly minted shares from the capital raising. I would argue that until that guidance is provided the shareprice isn't going to go far.
What is the likely outcome for those shares?
Can it be cleared up on wednesday?
Hmmmmm, two days out from the AGM and up comes this. Well at least they have moved from a skip bin to a dump truck of sorts. Looks like a 3 tonner so about 4500 bucks in the load. 10 loads should pay for the truck?:)
My purely speculative guess is they will do a capital raising, open to all. The price can be as low as 75% of VWAP. The last one was at 0.8 cents. The ironic thing is that the overhanging capital raising prospect may keep the price down and reduce the potential price for the capital raising...
Once it's sorted I'm calling NTL as a buy. Even now, the fundamentals are beginning to change to a producer. Good times.
The tipping point for NTL will come in due course that I'm certain of. Hopefully that tipping point is soon.
When I first started out sharetrading back in 2003/04 when I was 17-18 years old - HGD was one of the first companies I invested in. I didn't buy shares in HGD until around 2005/06 at around the 5-6c mark and have averaged down since.
When I first bought HGD shares I gave myself a realistic timeframe back then that I would need to wait at least 10-15 years for anything tangible to start taking affect. So far things seem to be plodding along quite nicely.
Good to see the VWAP at 1.08 cents, the higher it is the more CPS on a potential capital raising ;)
Seems the noise level has gone up at Karangahake. Screaming and yelling about to start.
Opposition to gold mining in Karangahake Gorge
Share|
By: Georgia Nelson, New Zealand News | Tuesday September 9 2014 8:03
http://arntrnassets.mediaspanonline....FILE-PHOTO.jpghttp://www.newstalkzb.co.nz/images/expandarrows.png
Coromandel (File Photo)
A Coromandel conservation group is launching a campaign to stop gold mining in the Karangahake Gorge.
The Department of Conservation has given the mining company New Talisman Gold Mines approval to take up to 600 tonnes of ore from the area each month.
Coromandel Watchdog spokesperson Ruby Powell says conservation and mining are complete opposites.
Her group is opposed to mining in the gorge.
She says they have started a social media campaign to put pressure on local candidates to step up and say what they're going to do to save the Karangahake Gorge
Shock as company gets given go-ahead in the Karangahake Gorge
Shock as company gets go-ahead in the Karangahake Gorge
Tuesday, 9 September 2014, 2:23 pm
Press Release: Ruby Jane Powell
Extensive mining activity is due to start in the beautiful bush clad hills behind the iconic Karangahake Rail Trail.
New Talisman Gold Mines received an “Authority to Enter and Operate” from the Department of Conservation in August this year and - combined with their resource consent from Hauraki District Council - means it can begin its bulk sampling and trial mining program; mining around 600 tonnes of ore a month.
Hauraki District Council issued the resource consent without public notification and Karangahake resident Mark Beach, who has been watching the mining company trucking out material over the weeks past his front door and has found cracks appearing in the road has said he is angry locals were not officially consulted.
Iwi spokesperson Winn Brownlee of Ngāti Tamaterā said local iwi were strongly opposed to mining in Karangahake.
“Talisman Gold did come to see me and we objected to the mine, just as our forebears did. “They shouldn’t be touching anything close to our [river] as there is no guarantee that they're are not going to pollute our waterways,” she said.
“All our forests [and birdlife] should be coming back - it’s a place where everyone should be able to go to and is very significant to Ngati Tamatera.”
Coromandel Watchdog spokesperson Ruby Powell said the consents should not have been granted.
“This area suffered drastic pollution from mining historically and is now recovering and regenerating.
“Today the area has a sustainable economy developing from people coming to enjoy the natural environment with many DOC walks and the Hauraki Rail Trail winding through the Karangahake Gorge.
The Rail Trail was listed as one of the 14 wonders of New Zealand on the 100% Pure New Zealand website, she said.
“Both iwi and locals we have talked to are opposed to mining in the gorge and the Hauraki District Council and the Department of Conservation should never have given the New Talisman project the go-ahead.”
“We have had pledges of support from all over the globe of people wanting to support us, locals and iwi in our bid to save the gorge and we will use all peaceful means available to do so,” Said Powell.
A social media and mass emailing campaign has begun to ask the candidates standing for the Coromandel Electorate to take a stance on mining in the Karangahake Gorge, there is a protest planned for this coming Sunday 3pm and a public meeting is scheduled for Tuesday 16th September at 6pm in the Paeroa War Memorial Hall.
ENDS
Would be totally futile to try and make everyone happy, not even physically possible, some are just born to whinge and make it their life mission, though NTL are doing some good things for the local community are they not, must have missed those in the article ?
A social media and mass emailing campaign has begun to ask the candidates standing for the Coromandel Electorate to take a stance on mining in the Karangahake Gorge, there is a protest planned for this coming Sunday 3pm and a public meeting is scheduled for Tuesday 16th September at 6pm in the Paeroa War Memorial Hall.
Will you be attending the meeting Miner?....Say some nice things about gold perhaps..
It’s not often that investors go to these things, perhaps we should to provide some balance, how about;
“Gold is good, I mean really really good, we should all have some, and you should too”
- Mac
“Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold”
- Tolstoy
“All that is gold does not glitter, not all those who wander are lost, the old that is strong does not wither, deep roots are not reached by the frost” - Tolkien
That Tolkien has been good for NZ, was a bit of a hippie too, they’ll listen to him, just have to speak their language, you know.
Suprised labour hasnt already jumped on this for their campaign trail
so i loved the chairmans announcement of estimating over an ounce per tonne of the 70 they have recovered to date....over an ounce per tonne is amazing!
is anyone in attendance of the AGM?
Yes, we don’t have hippies here in the South, gold is all good, gave us things like Queenstown and Cromwell, Kingston and bungy jumping. Gold workings are lucrative wee things that the locals use to rob tourists of their loose change.
A few years ago I watched lake Dunstan fill, boy you should have heard the locals go mental over the old gold workings going underwater. Reckon we should send a bus load of Cromwellians up, that might sort em out.
A new slogan too may be required, how about;
NTL – “creating future tourism jobs even for hippies”
Maybe NTL have waited strategically till this time of year to get busy mining, the greenies are too busy campaigning for vote Green, to notice the dumptruck go past their houses
Anyone else been to Sovereign Hill, near Ballarat, took my kids there a few years ago when younger, big asset to the area, quite a nice day out too, bigger than our Shantytown, way hot though on a nice day ?
I was at the meeting today and I noticed that at the back of the meeting there was a Maori gentleman who took some notes.
I see that the in the Stuff news tonight that Iwi is going to protest against the granting of the mining permits in the Karangahake gorge, I wonder if the two are connected !!
[QUOTE=Hawkeye;503830]Digger is going I think, possibly robbo24 too[/QUOT
Well after a few wrong turns and a fight to get a parking space I got to the meeting about 5 mins before it started.
Met McKee, Matthew Hill ,Dr Prindle and the man on the job Wayne. Wayne is a gold miner from south Africa who I am pleased to say looks a lot more comfortable in the slides presented then in his work cloths. In a small start up company like this a practicle man on the job is a top priority.
The rock dug out of the pile will be somewhat sorted and then sent to Waihi where it will be processed by Newmont. This will require a few truck loads going back and forth through the gorge. The company has done the premits on this and from the roads board there seems to be no problem.
One of the things I liked about the operations is that the company intends to start small a learn the operations before getting bigger. I totally agree with this. Have seen people and companies fall over trying to take on too much toooo soon on pure theory. Walk before you run was the phrase used.
The company still needs more money to get through the next four or five months to production. After the meeting had a good talk with the directors on capital raising. The company has several offers from big investors who probably want an arm and a leg for their imput. I put it to them that they should have another cash issue before hand just to cover their legal butt. Matthew Hill as reported has just bought up 4.3 million from the last cash issue short fall. That cash issue date has now expired and no one can buy shares in it . In the event this takes off and the shares are much higher in the future he will face anger from holders that he had the last cheap up take even if what he did was legal. It is better to offer again to all shareholders one more go and to be sure that the little holders get the same final offer before it is given away in a placement or to directors. That I understand has been taken on board. About 25 at the meeting but I did not count so could be out a few. There will certainly be more in the future if this is successful.
What about holding the meeting in Paeroa and then the mine is just down the road.
Dr Prindle gave a talk on the cobalt mine our other investment. At this stage it is not my first concern---lets get on with the GOLD.
Sorry if this has already been posted.
http://www.proactiveinvestors.com.au...ity-57473.html
Thanks for the input Digger, much appreciated.
Might be a bit risky to have the meeting in Paeroa, protesters and all.:)
Thanks Digger. This report in NZResources today.
Quote:
12/9/2014 — Gold
NTL chairman reveals Newmont to undertake ore testing
The chairman of New Talisman Gold Mines Ltd (NZX & ASX: NTL), Murray McKee said that one of the latest milestones for re-developing the historic Talisman gold mine at Karangahake should be achieved by October 13.
This was completing all the documentation and procedures for the new High Hazards Unit now working with underground mining in New Zealand.
More recently New Talisman had gained resource consents from the Hauraki District together with an access agreement from the Department of Conservation.
McKee said that for trial testing of Talisman ore, about 50 tonnes was moved from the mine stockpiles you to a secured offsite storage facility as a prelude to preliminary metallurgical tests and for domination of the preferred process route for Talisman ore.
A further 20t of ore was also removed from site for testing, and he said yesterday the ore will be treated at Newmont Waihi Gold’s gold processing facility in Waihi, only a few kilometres from the mine.
McKee said based on work to date the indication is the indicated grade will exceed one ounce of gold per tonne gold and several ounces of silver.
He said the company balance sheet reflects the progress the company has made “on its journey from explorer to developer to producer.
“In 2013 the balance sheet reported net tangible assets of $1.384 million. In 2014 the comparable figure was $7.946 M,” he said.
On subsidiary Coromandel Gold Ltd, McKee said the objective had been to place this as a separate exploration asset going into another entity, and this has now been completed.
New Talisman has identified some key management for Coromandel Gold. There were now indications the market climate for exploration- which has been nearly cold for some time – may be starting to warm up.
On a side note, my news feed on Facebook is filled with young new zealanders upset about this mining activity. It feels like most people are thinking this mine is going to become Waihi as soon as they start mining.
Sigh.
See, the problem is that you North islanders have a problem that the rest of us in New Zealand and Australia really don’t have to endure, an awful infestation of mung bean munching dope smoking dole bludging hippies.
But there is a solution, you really must construct a Shantytown or Sovereign hill feature park so that young hippi can learn about New Zealand culture, seeking ones fortune, moving earth to find precious things, learning all about useful things in life like how to make horse shoes, candles and wagon wheels, perhaps they’ll even become gold bugs, one can only hope.
Perhaps someday they will in turn make their kids watch ‘paint your wagon’ and ‘hunters gold' re-runs.
Clearly it all did me no harm as a youngster :)
http://www.youtube.com/watch?v=-rhYK_3jkgU#t=59
Some interesting selling quotes this morning. 9c?:)
Sorry just Read this Stumpy, will try find the post this afternoon. May be unsuccessful given it was awhile ago now. Didnt cause much of a stir though so wasnt to concerned, it just seems my generation vote very differently to how I do. But that is for another thread im sure.
Not really a stock I follow, but thought todays article in stuff might be interesting for whoever does. Sounds like the "neighbours" (or just rent a crowd - I don't know) are not to excited about the mining permit:
http://www.stuff.co.nz/national/1049...se-mining-plan
Interesting that the locals think profits are going overseas.
Perhaps they should stop smokin the strong Coromandel puha and start reading a shareholders & directors list. :D
I love how there has been a lot more movement upwards in price due to their protesting, quite suprised how many people that were there after watching the video.
It does annoy me how people are so closed minded though, stating the money will go offshore. Also looking at the pictures of the area just through google, there isnt going to be much work to have the mine operational, so the effect on the environment or public access is minimal.
Also i dont understand how they can take offence about not being made aware of it and that it was sneakily pushed through, I've known about this from at least April 2013 and I live in Wellington not down the road!
If I was to rush outside and protest the use of a heavy vehicle on a public road as an ordinary NZer I would expect the imminent arrival of a white coated crisis team.:rolleyes:
I feel the same way. There's been more than enough news articles in the business news sections on NZherald, stuff etc.
And the mining permit was granted back in 2009 subject to RMA compliance.
http://www.newtalismangoldmines.co.n...ing-Permit.pdf
And local residents have actually been aware of it for quite some time now.
http://blog.greens.org.nz/2010/02/23...e-karangahake/
Protestors having a whinge because they haven't been given any NTL shares I guess
Totally agree BFG.
It's probable a lot of these protestors are uninformed and only thinking of themselves, despite statements to the contrary. This mine can and will have a positive econonmic effect for the local community without destroying the beautiful gorge.
It seems it could be more about a dump truck passing by someones property on a public road......
Maybe a bit more of that coromandel puha and it'll turn into a magic dragon....
Amazing isnt it, the lovely Karangahake gorge especially after 20 or 30 inches of rain in the catchment area bringing the water level to the dartboards in the Waikino pub and wiping parts of the little hamlet off the map, taking out bridges and causing widespread destruction. Would you know that if you looked at it now?That happened in the late 70s or early 80s, has happened before and will happen again.
And they are worried about a dump truck going down the road.
Outstanding.
The connotation as well is that the mine isn't underground - That basically the gorge is going to be completely annihilated and turned into something that looks like one of the big alaska strip mines - all by a mining company with under $1M in cash. Steady on.
Plenty more NTL being traded pushing the price up. Is there any indication as to when the results for the processing of the 50 tonne batch of ore will be out?
If the TV show Gold Rush is anything to go buy they should have finished 70 tonnes by now! I'll say next week they would announce, I'm sure they will look to use this information to their advantage so they wouldn't release immediately, let us stew on it for a few days
Where did the 9c+ sells go? It made the detail look very good- in a unbelievable way.
Sue Sangster, gone?
Even a bit of a lift in Aus as well. Thanks very much:)
Technical resistance at 1.4c is yet to be busted. 1.8c is then the next resistance.
I'm wary that NTL is running out of time to start operations. Its work permit expires in December. I would say that they will need to apply for an extension. Also, more capital to be raised may cap the price well short of 2c in the short to medium term.
Discl: have this week sold half of my holding at 1.4c, as I move funds into un-hedged gold diggers offering better POG leverage (this week's FOMC meeting may well provide the spark required for a spike in the price of gold).
BC