Yeah ..... a very good announcement ..... great that we're going to see some action on the ground ...... maybe we'll see some action on the share price too??
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Very strong announcement and a week earlier than expected I guess because they figured the Certificate of Compliance was news that was price sensitive. I agree with Robbo's post over on Hotcopper; it would appear they have taken some good plannning advice and managed to circumvent delays. Note they specifically mention traffic movements are allowed for.
Strong prospect of more gold lower down and Rahu underway which is money for jam. I note the ASX volume was 3x the NZX. Once the ASX wakes up to it the sp will look after itself.
And here I was worrying about a rinse and repeat Quarterly! Well done Matthew and the team...excellent progress.
Discl. Bought more yesterday post announcement.
Fairly muted response so far, although the sp has maintained a higher level. NTL shareholders are certainly a placid/passive bunch. Maybe because of the years of frustration of getting to this point. Hopefully that's behind us now!
Monday wasn't much of a trading day given many people took the chance for a long weekend. Check back on the sp in a week or so when news has spread and been adjusted for. Though I don't expect a huge jump, this is still going to be a slow burn until we get further along into production.
You might be right Antipodean. I still think it will be the ASX that will drive it. Our opening trade this morning...$300.... ASX opening...25k. I find it hard case about the length of time it takes the market to jump on board at times. Even 0.1 0f a cent means a 15% gain today. Last friday it meant 20%. The longer they wait the less the return. I suppose they see it as lesser risk. My motto DYOR and be happy!
ASX looking like it will tip over to 0.7 today.
Great news from a looooooong time s here , circs 1986 !
Just in case anyone wondering about that NTL NCM relationship this short video from 2016 is an excellent summary:
https://www.finnewsnetwork.com.au/ar...ork123654.html
Hey Jonu,
Are you satisfied with NTL response and amount of detail in relation to the delayed TMP?
As announced in the previous quarterly report the company and council are working together on finalising a traffic management plan (TMP) that meets the needs of council and NTL. Whilst Company mine traffic on the road will be minimal, with reference to safety guidelines we have sought specialist input from our engineers and the council engineers
Not entirely...but as per earlier post, I think they have circumvented whatever holdup there is with the council via the Compliance Cert.
They are now able to get on with sampling, installation of gear etc which they had to do before serious mining anyway. The Talisman Deeps and Rahu are set to add serious value when the sample results come through.
I suggest you read the latest quarterly Baa, it is quite lengthy, but you may as well get it from the horse's mouth. Can't see why it wouldn't be this year personally, but I have no experience in the JORC code which is mentioned in the release, and how long it takes to get your samples verified. The historic grams per tonne are eye-watering and their data suggests there is plenty more lower down. Newmont also appear to be full steam ahead at Rahu and that is complete bonus material for NTL.
As far as Rahu goes it'll be Newmont digging it up with NTL having the option of a 20% JV stake or 2% royalty (I think those figures are correct).
If NTL can increase it's own JORC it effectively becomes a higher value tangible asset to the company, without having dug it up. So yes, while actual mining is the main target, there is value to be added before we get there.