Just showing the info that's out there. All free to make own judgements as you've done. All speculation till we hear from the company.
Printable View
Just showing the info that's out there. All free to make own judgements as you've done. All speculation till we hear from the company.
Check the asx announcement - it is quite different from the nzx one.
"The Company wishes to halt trading pending the spectacular results of a resource update
for the Dubbo resource at Talisman Deeps which is anticipated to materially increase the
overall Company resources."
just to clarify.............ASX
Request for trading halt:
New Talisman Gold Mines Limited ASX Code NTL NZX Code
NTL
We request a trading halt to be applied to our securities under ASX Listing Rule 17.1 and
NZX Main Board/Debt Market Listing Rule 5.4.1(a) and set out below details of the request
as per the rules of each of ASX and NZX.
We would like the trading halt to commence immediately.
The Company wishes to halt trading pending the spectacular results of a resource update
for the Dubbo resource at Talisman Deeps which is anticipated to materially increase the
overall Company resources.
The Company expects the trading halt to last until the resource upgrade is released which
is anticipated to be released by no later than Wednesday 12
th July.
We expect the halt to cease once the Talisman Deeps resource upgrade is released.
We confirm that we are not aware of any reason why the trading halt should not be granted.
Well, that is embarrassing. I didn't notice the second page of the announcement with the letter from NTL. I wondered what ddrone was talking about earlier. Rechecked the announcement at the time but still missed this part!
Thanks. Great to know it is good news.
2 bagger? 5 bagger? 10 bagger? Well well, after 10 years (of me supporting) HGD/NTL may be about to arrive.
Is there any analysis of the mines potential yield and therefore revenue and capitalisation? Feels like a good time to get educated on prospective valuation at production...
what are people hoping for/realistically expecting with this possible announcement?
IMO if they announce there is a crap tonne more gold in the mine than originally though there would be an immediate bump in price but may see it trickle back down over time until this darn traffic management plan gets approved.
pretty stoked to see a company announce a hold pending 'spectacular' information.
Spectacular seems like a very brave word!...I hope the announcement lives up to the dictionary definition!
I don't have the biggest holding but it might look a little more interesting after a spectacular sp rise!
Trust....far....throw
Words that come to mind ;-)
https://nzx.com/markets/NZSX/announcements
F5
*5 minutes later*
F5
Repeat all day
Remember a few months back some of the posters were speculating what the SP could be by end of this year?
My pick was that SP might be 10c by end of this year, will stick to my guns.
Lets not get ahead of ourselves - 10c per share implies a more than $207m market cap which isn't going to happen for a pre-production mine in NZ.
We could potentially settle between 1.5 - 2c per share by end of year if the good news keeps flowing.
As Jonu pointed out, it should be simple math, resource* price - cost, then throw in some market expectation for good (further upside in resource or price of Au) and bad (NTL ability to do it).
I love the idea of 10c, even 6c (10 bagger), hell, after all this time 3c would be stellar.
"Spectacular" to me says SP should be North of 1c VERY soon, how far above........well, who knows.
Sure, it depends on what the updated details are. I just don't think the details are going to warrant this stock suddenly having a end of year market capitalisation of greater than say HLG ($184m) for example - and I'm a bullish holder. While not impossible, I think that outcome this year is extremely unlikely.
To demonstrate - your 500m in profits. Using $1672.06 NZD per ounce, $568.00 USD prod cost (NTL annual report 2016), $1.37 USD to NZD - would need 560,000 oz gold to generate that profit. That's assuming both that the gold price doesn't diminish or production costs don't go up (both dicey). Either way wouldn't change the fact that we aren't producing yet.
I'm all on board NTL and looking forward to the future. Let's see what tomorrow brings and not count our chickens before they hatch yeah?
Also, I don't think comparing sports betting to investing is a good comparison.
EDIT: Although now I think about it, 560,000 oz would be a 'spectacular' upgrade....
I know 10c isn't realistic, just saying that stranger things have happened in the world as evidenced by the rugby in the weekend. 10c was just a number thrown up in the air.
It's not realistic to assume total ounces would go to 500,000oz this fast, but like I just said - stranger things have happened...