Yeah, more dark clouds on the horizon. Looking at the depth charts, it looks like the SP will indeed move, except not up but down. Plenty of sellers, very few buyers.
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Yeah I agree. Sad but that's the way it is with this company. Neither the CEO or directors bought any shares in the SPP or shortfall, but continue to draw their fat cat salaries courtesy of the people who did participate in the SPP.
GLTAH but a bit of slurry is hardly enough to pump the share price, nor more assay reports (jeez how many have their been now?), and the destruction of wealth from the 3 cent share price from about 18 months ago to where if is today IMHO can be laid squarely on the aforementioned 'fat cats'. Meanwhile the cashburn continues......until it's tiime for the next SPP!!!
I sold half today, but overall have made $30k so not too upset, but have been hoping for another ramp up to sell into, but that doesn’t seem to be happening , so going to put more into something else. I had some for sale at .009 for a month , but the volume was to light to hit it, so it fell off. I first bought at .006 and sold around mid .025 as it fell, and in and out on the way down . Im not as young as i used to be ..60 this month :t_up: so not hanging around
GLTASH . I hope it works out for all you guys that have been in it for the last few years . I love the walks in those mountains, and hope it gets going some day . I ll be watching ......
NTL/HGD are historically about "discovery" of gold, not about actually mining it - its seems a simple transition but obvisouly not. Ive been riding this wave for 10 years, and have had some ups and downs with trades. The one consistent is that cash outflows have alwasy exceeded inflows, therefore SPP. I particvipated in teh 2c capital raise a couple of years back, as I thought they were on the cusp of change - another 2 years down the track, and same old.
Im like you Yoda, watching and waiting. WIll dip my toe in when things become a little more tangible.
With no expected news for the next few weeks, I predict 0.006c by end of next week...
I'm staying optimistic although they still seem a long way from selling gold
- perhaps the plant will be financed via the bankable study
- perhaps all this talk of operating this, that, and the other is one step away from selling everything
- perhaps there is an enormous vein of gold in dubbo
- perhaps the resource consent will be lodged in the next week and fly through
- perhaps in the meantime ore could be toll-processed down the road to maintain a decent cash balance
Two announcements are due this month: the pilot plant up-scaling and the resource consent lodging. These will be significant milestones.
I have said it before it's time for Matt Hill to move on,he's done his job,NTL now need a strong management to lead the company into production.and sales.Matt can keep his 400K a year,but put him in charge of research/prospecting,after all the gold at waihi will not last forever.
In the 1900,s they mined alot of gold , everyone knows the gold is there. For me it was about getting it out, and that is just not happening nor will it, while people get paid for very little progress. I can discover a beautiful lady, but if she doesnt come to the party, its a waist of time. Any thing is only worth having if you can actually get it out of the ground. Oil , coal, gold , who cares .... its like having a canvas and paint, but no artwork to sell.
I remain optimistic too. But having said that I sold all the shares I purchased in the SPP this morning @ 7c. At least I made $200 I had to reduce my exposure to NTL.
Possibly Terra Firma may come up with some cash to finance the plant. I would expect them to be offering more than their premises and labour for it to be attractive to NTL.
The Mystery vein is the key point of interest to me. If it is as extensive as the Maria Vein then it could be a game changer. Rahu is very long term.
Plenty of time for the full mining consent because they have not initiated the bulk sampling phase and that will only happen after the plant or some other processing arrangement is in place.
The development of this mine is a mind boggling slow process
2 years of bulk sampling at 360 oz gold equivalent per month would certainly generate some cash flow. The question is when is it going to happen.
Well enough of that I am off to watch some paint dry.
[QUOTE=haewai;776711]I'm staying optimistic although they still seem a long way from selling gold
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At the AGM a couple of years ago they did say that they need the bankable study to be able to access bank finance. So, assume this must be the long-term plan.
The have 500 tonnes of Ore ready to be processed, so the "toll processed" option would be an easy option to generate cash flow.
I am very disappointed in how slow things are moving, but still believe we more chance of a significant increase (100% +) in the share price than decreasing by say 30%.
Looks like SP is crashing....