Phase 2, Mystery vein and the deeper parts of the mine is where & when the party at my place will be.
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Great post by Robbo at H/C
Wow, just read it, he really loves this stock, good info.
NTL might be a lump of coal about to turn into a diamond or should I say GOLD.:t_up:
Another update from Robbo this little company (NTL) certainly has some huge company sniffing around.
Amer International is 247 of the 2016 Fortune 500 list. I quoted its 2013 ranking of 387.
Amer International has grown a lot in 2 years, hasn't it? :)
Could be an interesting day. Opening is already looking strong. I've long held hopes for this (was a shareholder of Heritage), I reckon its time has finally arrived. Longer term could be a 10 bagger for those who have managed to average low enough (my average is under 0.8) but in the shorter term 2.5 is achievable in my view. POG at $1290 US isn't doing any harm either!
Cant help but feel there is a little bit of ramping going on here....
Sorry Jonu, I didn't mean to offend, and while I expect some gains in NTL this year, I'm failing to see what recent news would get us into the tens, I would be delighted if that happened, but given NTL's lacklustre performance in the past after what seemed to be big announcements, I'm reluctant to believe the hype straight away.
Thanks Hawkeye. I'll admit I've been at the end of my tether with these guys, but as long as they negotiate well with Amer, I think they really have cracked it. The JORC figures and current margins on extraction are very exciting.
It was Stumpy's comment about mid tens, I actually wonder if he meant teens as in 1.5 - 1.6. Guess he can speak for himself.
1.5 - 1.6 is the sensible and more realistic SP to achieve this year, however it wouldn't surprise me if it did get to 10cents in short term.
As we've seen in the past spec traders can push up share prices to stupid and unrealistic prices - XRO $40.00 + is a good example of SP going up without the underlying fundamentals behind it.
I agree with the sentiment that NTL really have turned the company around in the past few years.
Speculative trading...
Stumpy. I agree that other than a positive quarter which frankly i took more from the HOA with Newcrest and their updating the data on Talisman than Chinese is unlikely to bring anything more than a few speculators to the sp.
Doing business with the Chinese is always a drawn out process and from memory NTL have had signed binding deals with Chinese parties which for whatever reason were not honoured. Most recently they did a placement with a Chinese investor who simply failed to settle.
What will drive the sp is the company pulling out ore for which imo they have done a great job navigating the landmines that are present in the NZ mining industry. Nimbys, doc, resource consents, nzpam etc.
If the company can now gain the funds which it needa for bulk sampling we are underway.