This should be called the Gunna gold company, they have been gunna extract some gold for 20 years by the numerous reports, and after all this time they have produced Yep Sweet FA.
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This should be called the Gunna gold company, they have been gunna extract some gold for 20 years by the numerous reports, and after all this time they have produced Yep Sweet FA.
Griffin
not sure what your smoking ..... clearly you dont understand mining companies particularly exploration companies.
Since December 12
- Scoping study complete
- Doubled market cap
- Prefeas complete
- Mine upgrade complete
- Key engineer on board
- Acquisition of a solid Africa project
- Increased resources with Africa to a jorc 500k oz
- raised a bundle of cash and put it to work effectively
Cant see one other NZ gold miner that has done so much is such a little amount of time on a low cash base.
Cannacord must like this co as it seems they have as always been able to raise in a climate where no juniors have.
Moosie gets it. Junior miners work exactly like this albeit most would accomplish the above in 2 years!!!
Patience people. Next value point shoudl be Africa Pref or Talisman mine plan and bankable feas. On the down side they will need to do a large raise to start production but such dilution will be balanced by starting such production.
DISC: Holding NTL, NTLO, NTLOA and buying on weakness.
DYOR
Anyone who is in this stock for dividend reinvestment plans versus capital lifts is missing it, there are no 10 baggers in buying BHP!!
There are those possibilities in Juniors but such comes with risk.
Given the huge risk in explorers transitioning to developers it appears NT have done well thus far in recognising they needed different skillsets resetting their strategy and going all out and gaining traction in a lagging gold market.
moosie whats your bet rights issue SPP or a placement we all miss out on to get these mines going?. I personally am happy to take on the dilution if it gets us to production on one or both these assets. I hope its a rights issue with a bonus like they did last year I think.
DISC: Holding NTL, NTLO, NTLOA and buying on weakness.
DYOR
They will need to find the $ somewhere though or it will be a very very slow ride to producing.
The only way forward for NTL is to find a partner to help fund full development and for some reason they are not having any success in doing this.Most long term share holders will not part with cash as they have done this several times over the years and probably get the feeling they are flogging a dead horse.
Hence a lot of sitting on hands for me at moment. Falling knife and all that.