Not disagreeing with you there.
Out to a byo dinner soon and have swapped the Hardys Merlot for a Barossa pepperjack.
Going to enjoy reading this thread and hotcopper over the next few days.
Have a good evening ya'll
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OK I woke up at 7 and one of the news stories on Coast FM was the beatniks are protesting to save a native frog on the Karangahake Mountain. This was one story of 5 and I thought, wth, this is getting coverage.
So I've found a news article here http://www.scoop.co.nz/stories/PO170...-for-rally.htm
And the protestors website here https://protectkarangahake.org.nz/. The website looks well designed and polished. This is their goal from the website.
To the Government of New Zealand, the local authorities and the CEO of New Talisman Gold Mines, Matthew Hill: As citizens of New Zealand, we stand with the local community in their struggle to protect the Karangahake Gorge. We call on you to cancel your mining plans that threaten this unique ecosystem, the local water supply and tourism, and we ask you to include the Coromandel Ecological District in the Schedule 4 list of protected areas. This national treasure belongs to every New Zealander and you must protect it.
Now if this all goes mainstream the greens and greenpeace are going to jump all over this, and our eco loving Jacinda will be on the side against the evil miners ripping up a sacred mountain.
Just a bit of tarnish on the news from yesterday. Any chance these guys could close NTL down?
At the moment NTL have a very small environmental footprint. If it stays like that with ore being treated /processed at Oceania or shipped oversea, fine. My guess is the protestors are concerned that that could change if NTL do actually find a lot more gold. They may want to expand ops and build their own plant etc. If they put a concentrator in the mine will it use water; where will the waste water go. Are the lower levels (which are below sea level) full of water, if so where would that be pumped to etc? Being on Conservation land does create more risk.
JT - I assumed you'd be up there protesting today
The protest rally has been rained out, they have changed the venue to the phone box out side the Waikino hall.
+ve spin, good one good one.
As well as the trading halt, a greater power has spoken - the gorge is closed until further notice due to a slip covering the entire road :eek2:
So my take on this offer is 2.2c per share at a minimum of $1000 = 45454 shares, 5.5c per share on the options. 1 for every 5 shares. With that in mind they must expecting something big coming out of that mountain. Maybe a way to tell us that all is good and going to get better. This maybe a rather simplistic view of affairs but to me a clear one.
There's a good few mountains, hills, valleys etc in that region. What made someone go to that particular mountain and dig into it? Why is the Karangahake Mountain blessed with this beautiful stuff?
But more disturbingly when will the maoris claim tika te kereme over this sacred mountain. Why wouldn't they after reading the report on Tuesday?
Disc: I'm 1/128,000,000 maori.
I've read a Hauraki District Council document before that claimed local Iwi don't consider the mountain to be of cultural or historical significance (I'll try find the link...) It's hard to claim minerals are of cultural significance to Maori as they weren't a metal using or mining civilisation prior to European settlement... well, IMO anyway.
That's a bloody good point go to te papa and there wont be anything made of gold on display unless from another culture.
But there's always something to lay claim to eh? I wouldn't be surprised if a long dead relative was buried on the mountain and we have urupā in the headlines. Mr Hill best get his maori negotiating skills in order.
I couldn't find the HDC Iwi thing but it was something to do with the TMP. Meeting minutes or an application report or something.
I have unfortunately found a news article from 3/4 years ago saying local Iwi (= Maori community for any international readers) are strongly opposed to mining Karangahake (despite the lack of any cultural history on the mountain) so we may still see opposition from them in the future when things really get going. Watch this space?
Also interesting was that even when Labour was in power, they approved mining on conservation land 200 times!!! in 9 years. Some of the areas huge and some even in National Parks. Both governments have approved conservation land mining on a case by case, economic reward/environmental risk basis. We look pretty good in terms of that.
Only 0.4 hectares, mountain already tunneled , water pollution court case already thrown out and sh*t loads of gold!!
I think it would be a trickier situation if Labour/Green did extend Schedule 4 to the Southern base of the peninsula and we wanted make to move to actual mining in the future. The current government spin is that we're only "exploring" on land of low ecological importance. Which is true. I think I'm right that the current permits only go as far as bulk sampling.
Any other election thoughts?
Can't wait for Tuesday (Or earlier!!)
Disc: Holding lots. For AGES. Likely intention to take up most or all of SPP offer.
Fatboyj, if you're basing an argument on cultural bias you should consider choosing your words much more carefully on a public board rather than using inflammatory and frankly blatantly racist remarks.
As you were.
OK if I offended I apologise. But, its something that's possible. When the times right we can come back to this.
Heres a sketch about being offended you might enjoy . It starts about 3' 42'' in
https://www.google.co.nz/url?sa=t&rc...NzOi4PLoNI1xgQ
NK tests a nuke with the possibility of a thermonuclear hydrogen bomb. Gold will go through the roof this week. Shame is new found wealth may be short lived.
Cunning? How so?
Sounds like something a major shareholder would say. Are you a major holder digger? If so you must have decked out your cave to be diamond encruted😃
i don't believe under nzx or maybe asx rules an spp can be offered pro rata and from
my understanding this wil be the first ever spp in nz EVER with an attaching option. Doesn't surprise me this Board has some serious investment banking clout and always has. If I'm correct this will be the second time little New Talisman has done a first in NZ. It was first same class equity offer ever from what I recall reading some time ago.
I think they even got an underwriting a few years back by cannacord at .7 just before stock went to 3.5 and options to 2.1 cents!!! 2013 just after PFS. Can't recall a time that ANY junior got the likes of cannacord.
Looks like the sad and sorry protestors were left soggy. I thought god hated nimbys now I'm certain 😂 I like how they showed the 2014 protest pictures instead. The spin tomorrow should be funny from hippies