Agreed.
Murray's new role in the team combined with new dynamic leadership evidenced by this:
https://en.wikipedia.org/wiki/Charbel_Nader
should make for an interesting 2017 / 18
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Agreed.
Murray's new role in the team combined with new dynamic leadership evidenced by this:
https://en.wikipedia.org/wiki/Charbel_Nader
should make for an interesting 2017 / 18
Was wondering if there could be any more exciting before the year disappears on us. In the annual report (30/06/2016) we have the following noted, and in italics underneath subsequent follow ups I could find little bits of information on.
2016 - Initiate Bulk Sampling Project
05/07/2016 announcement – “Board initiates the bulk sampling/trial mining at Talisman”
2016 – Identify and evaluate additional resources
17/08/2016 - Talisman Deeps announcement
2016 – Site Establishment
05/07/2016 announcement – “[TMC]… to begin construction in Q3 2016… Once the road to the site is upgraded the company will proceed with securing and equipping the mine site…expected to take approximately 6 months to reach the working face at the Mystery Vein Drive.”
31/10/2016 announcement – “[TMC]… preliminary design has been completed and final road design is underway.”
2016 – Initial Mine refurbishment
05/07/2016 announcement – as per Site Establishment
31/10/2016 announcement – “Design of the ventilation airlock…. has been completed.”
“.. also commissioned the preliminary design of the electrical and compressed air reticulation systems.”
2016 – Finalisation of Proposed Newcrest JV
28/06/2016 - Binding agreement announcement
2016 – Rehabilitation to Mystery Vein
05/07/2016 announcement – “Mystery Vein targeted for first ore extraction”
2016 – Development of Mystery Block
05/07/2016 announcement – as per Site Establishment
So possibly nothing further for this year, but pleasing to note everything mentioned for this year has been updated following the annual report. Still feel a little in the dark about what the discussions are with Amer, however note that they should be “well advanced” in the coming quarter (which ends 31/12/2016).
Lots of irons in the fire… next quarterly activities report expected at end of January.
Announcement on their website. Half year report with the answers to all your questions about the future. It's a turtle riding a snail people.
I don't like:
The mention of the traffic management plan continuing to be a time consuming process. From previous announcements this was approved in principle and it was inferred by me that this would be a (relatively) simple process to convert to formal agreement.
Still no concrete details about AMER. If we have plenty of cash in the back... what are they bringing to the party? What is being discussed? Don't like this uncertainty. I appreciate there may be confidential clauses involved in the discussions but sooner or later the shareholder base needs some information and clarity around what is being proposed.
I do like:
The mention of the modelling completion with inclusion of Talisman Deeps targeted for end (or about the end...) of March 2017 quarter. Target date set.
Confirmation of the initiation of the bulk sampling project and site works.
Rahu work underway, with Newcrest starting to spend some $$ brings the JV closer.
NZPM variation expected shortly.
When is the next report - end of month? Some interesting reshuffling going on depth wise in the NZX and ASX listings. Could be nothing, could be something?
Quarterly report due at the end of this month ....... they did say at the AGM the Amer discussions should be wrapped up by then ..... seems to be a little more buying interest on both the ASX and NZX ...... maybe more after the reports??
Quarterly report at end of month - I would like to see an update on the following:
1) Bulk sampling - which was initiated post very successful CR and expected to finish within 6 months.
2) TMC - been approved in principle since 'ages ago'
3) Amer - Are they still after 70%? what do they want? what do they bring to the party?
Also would be nice to hear what is going on progress wise with Rahu but situation may not have changed yet.
I could be wrong but I thought their recent communications last year mentioned the traffic management situation still wasn't fully signed off, I didn't think they could progress to proper bulk sampling without that.
I think we will see great progress this year but not expecting wonders at this next update. Sadly things tend to move slowly for NTL
Maybe the managers need to stop dining on escargot, and get some hare into their diets.
NTL - 2017 is their year!!
My wife and i climbed to the top of Karangahake mountain over the new year with commanding views to auckland and Waihi . Fantastic walk. Hard work, but worth it . Certainly no lorries going up crown hill rd . And no evidence of earth moving vehicles and the roads are quite small. From the top we could see large earthworks more over to the western side with exits to Rotokohu Rd . But not necessarily mine works, but i would like to think it is . Ive been unable to find any signs for the NTL mine. I doubt they would go in from where all the tourists are. Probably with good reason . There is a bridge too that goes over the river, at the gauge and i wonder if lots of trucks would be allowed to go over that frequently. It would make sense to go out west but thats away from Waihi if thats where they intend to take the ore.
For what its worth.
Sounds like they've started work on the access road ....... anyone local like to check it out?
Attachment 8618
The golden brick access road :-)
Quarterly probably due Friday 27th or Monday 30th if last year is anything to go by. Then it was released Friday 29 Jan.
NTL Quarterlies often come out on the last day of the month - so I wouldn't expect anything until Tuesday 31 Jan.
Looking forward to see what NTL have been up to while they are all cashed up. Also some clarity on AMER would be nice.