They were too busy digging gold out of the hills. Fairly typical for NTL. Everything, slow slow, hang on, a snail overtook them.
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They were too busy digging gold out of the hills. Fairly typical for NTL. Everything, slow slow, hang on, a snail overtook them.
Once could argue, that based on no SP movement, this information was fully priced in already....OR
The only people who care (us) are happy sitting on our hands for another couple of years becasuse....WE HAVE NO CHOICE
It would be pretty dumb for NTL exec to purchase such a large amount knowing that application was imminently going to be denied. The reason for permit being denied is also void of a reason for denial?
Who knows what the full story is - Perhaps it's an engineered case of Newcrest offering to pay fully for exploration of Rahu instead, in exchange for a share of the discovered gold?
That sinking feeling - there is patience, and there is economics. My fear is that with the SP still in gradual fall, that raising capital is going to become more and more of a problem for NTL - yes, offer more shares to us to raise the $$$ required, but hardly likely to cover major capital costs. Nervous.:confused:
There was mention of an "executive meeting in China" in January's Quarterly Activity Report ......... I guess they're hoping the Chinese could provide some capital ....... or was it just a "teaser"?