Oh?
Cashflow issues sounds about right.
Bummed I missed the AGM, I would really have liked to meet some ST people face to face. :)
Printable View
Oh well - will this be the end of the 2.2c cap?
With the Rahu announcement I am more confident the SPP will be successful. Perhaps indeed NTL has investors lined up to take up any shortfall. I doubt they would have spent money on Rahu and let the bulk sampling suffer. Positive move as long as they don't stretch themselves financially.
And Im in. Scanned form to CS today, $$$ sent. Lets see if we all get pro rata or full allotment.
Upcoming announcements:
SPP $ raised
How many concerntrators will be purchased
How much did Rahu cost
3rd resource estimate(I think they said Nov)
From there, more and more good news - I hope
Well we have a free licence to dig for 3 years under a National govt. provided they don't go to bed with the Greens. Therefore the SPP becomes important as to be able to buy 3 Concentrators, the extra for Rahu, would make great use of the time. I too looked into the eyes of the Directors and decided to go in at $ 15k
Rahu. I'm trying to learn more. As I understand, nothing has tested above 2 gms/tonne so far. The reef there is an extension of very rich Talisman reef.
"31 drill holes, totalling 4585 metres, have been completed into this structure and have intersected highly anomalous Au and Ag values with some high-grade gold and silver intercepts ] ......{, the sites which have been targeted by Newcrest for drilling will be finalized and applications made to commence drilling at Rahu as soon as possible. Resource estimation carried out based on these results has determined a JORC 2012 compliant resource of 41,590 oz. gold and 258,400 oz. silver in the indicated and inferred categories. Exploration Targets have been estimated at 14 million tonnes ranging between 0.5g/t and 2.0g/t Au for between 225,000 oz. and 902,000 oz. gold.
I wonder why Newcrest would sell out, after they have done this drilling. I'm comfortable directors will have good reasons, but anyone got ideas or know more about Rahu? To me 2 gms/tonne not viable underground mining, & Newcrest would keep in if they thought 20 gms/tonne was in there somewhere.
Greens in desperate survival mode, they will not be thinking at all about trying to shut down any pre existing mining approvals that are environmentally friendly.
Election is a success for NTL.
Best case- Nats and Winny
Worst case - Labour and Winny and Greens with hardly any say about anthing.
Game on for SP now !!!!
Mbro I remember M Hill saying to me once that Newcrest were drilling in all the wrong places. Naturally if you know where the right place is then go for it . Note Newcrest drills are not waisted as they add to the info of the area.
Will be interesting to see what NTL pays for the 80%.Will have to be a discount on the drill costs to Newcrest.
Should hear this week how the SPP went.
Yes a good result. Even if Winston goes with Labour the greens are going to have little say, and they'll focus on climate change and water rather than try and target the 40 odd Companies mining responsibly on DOC land.
If the SPP is successful then these two now positive facets should see the share price climb a bit.
I have been watching election closely.
One thing, is that Winston is not bothered at all about losing Northland to national.
I think he knew he most likely would anyway, as by elections are not a true test.
He smiled and had a little chuckle about losing it.
He is playing hard ball with nats, waiting on specials to confirm that left block has a stronger position of 63 versus 61, and then he can bargain harder with national.
He will have a very long list of demands, as this is his last hurrah.
In his own words, he will not waste this opportunity.
My words - to screw the maximum he can for himself !!!
But at end of the day, he wont want to be a pedestal for Jacinda Taxinda Stardust, a 3rd wheel to an Axis of Evil.
He will want to be the main man, deputy prime minister, a very big tail wagging and leading the dog.
Have been watching the Greens very closely when being asked about National.
Shaw has a look of shock and astonishment when anyone mentions working with National.
Almost as if he has never even considered it.
I am very certain he would not do it, as he campaigned on a change of government and staying with labour.
He is a man of his word.
Their is about a 1% chance if things went very bad with Winston's negotiations.
So Winny had better not push his luck too far, as that could force Nats and Green's to do an unholy alliance to defeat the greater evil.
Hey what about winny or the greens do nothing. They are not compelled to and they can always say the people have spoken. You wanted MMP and now you have it.
A no majority govt. A product of MMP
Can't be long until an announcement regarding the uptake of the SPP
Lets hope they have already put in the purchase order for the concerntrators