Hey BM - are you still around, I know you were buying up large earlier. What's your take - holding / selling / buying?
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Haha typical - ASX goes up while NZX goes down
Just finished 4 days doing the north south route over the Kaimai's, very wet, didn't find any gold in those streams :(
Didn't see any gold mines, just a few remnants of the old mines, have no idea what on earth the protestors go on about, the environmental foot print from a mine must be minimal.
Unless they feel the heart and soul of the mountain is ripped out when miners take out the gold and silver.
Certainly property trading is a lot easier than share trading, making a quick 50k and 100k here and there, but I have great confidence in the mine management, so happy to leave a lazy 100k here for the long term and watch the gold start coming out.
Alright people - gold's coming out of the ground this / next month.
So the quarterly report casually confirms to shareholders Rahu has been acquired. Just neglects to mention price or purchase terms. Tisk! Very forgetful of them! Market seems unimpressed.
Less raised from SPP than they would have got from November Options if they had not undertaken it. Both are interesting initiatives I didnt see coming.
Where did you get this source from Clint’s? Personally I think it might be better to wait until all the holiday makers have gone home and avoid any additional attention, although getting gold out before the November share offer ends would help sell that offer. At current prices why would anyone buy!
So why would Newcrest do this, is it a dead duck and not worth the effort?
Unsure, may not see it as worth their time and effort, since they are such are large company they can buy up mines which are more advanced and come in and reap the reward, they may come back if NTL advance it.
Why would Newcrest outlay a lot of money when they don't need to, let an exploration company do that, come in and buy it up once resource is proven and the know how much they will make, purely a business decision.
basically de-risking themselves
This is just my thoughts, I don't know how the strategic business decisions of Newcrest operate, but if I was someone like Newcrest I would be scouring the world for near operating mines and just pulling out the gold
Had a good read of the last announcement, and I am quite upbeat and excited despite the share price.
I kind of think, well I wouldn't mind buying in now at 1.8c but then I certainly would not be able to buy the amount of shares I now have, at that price anyway.
While I am a little in the red I do like the confidence and excitement of NTL about the gold mine and the start of its operations.
They said this will be the only operating gold mine in NZ, is everyone sure that is correct, if so, very cool indeed.
I thought their were others around Waihi and in the Kaimai's ??
With Newcrest affectively handing Rahu to NTL, do you think their are some behind the scenes agreements about Newcrest buying out or taking a holding in NTL.
That is being worked on, sort of make it more simple operation for Newcrest.
Save on mine management and admin costs to have the one organisation handling both mines.
And give NTL the funding to go bigger faster and harder quicker.
I sense the SPP is more pig headedness to finish the process and reward the faithful, more a red herring the market has taken bait line and sinker.
Management seem confident, they seem to think the 2.2 SPP price was a discount, and they see future value beyond the 5.5c option value.
Will be interesting to see what happens to market sentiment and SP when the results of bulk sampling come back.
That is it this was scuppered last time the samples came back and the spp just torpedoed the share price. Hoping there won't be any distractions this time, would be good to see the sp going north even for a short jump(to at least 0.23)
I would expect some positive news to get the November options back in the money, they aint "scuppered" yet.
Some of the reaction to the spp and quarterly has been pretty silly. Fundamentals have improved with the re-acquisition of Rahu and the funds are in place to get the concentrators and get digging. A short term blip in the sp will be shown for what it was in the next few months.
I think they were referring to the fact it is NZ's only solely underground gold mine, I realise Oceana has underground at Macreas but that is open pit as well.
Regarding Newcrest, yes they maybe interested when it is up and running, but I'd say it would be years down the track. At the moment it is just another bow on NTL's string with potential to investigate and expand operations and tout oh we are mining New Talisman but we also have Rahu as well, not just a one trick pony.
Hhat the h@ll will it take to get the oppies over the line later on this month, if that does not happen the what is the fall back plan ?
The 21/2 mill $ would have come in very handy, some S Hers would subscribe anyhow but not all !
As long as the gold is still in the ground, just be happy with the 400+% SP appreciation, albeit eroding. It will be or not when they 'prove' the 'probable'.
Good point WU. In fact if do not get the opps converted then the SPP was a waist of time as the OPPS money would equal the SPP money. I think the management underestimated the effect of the election and the final outcome was just about as bad as it could get.
It is time that the company stopped mining the shareholders for cash and mine the mine to create cash.
After the awesome Dubbo Deep announcement, if the directors had sat me down and said "how can we destroy all the value of the November options, and raise no money from them?' I would have replied "that would be quite hard to do'. But it looks like they may have snatched failure from the jaws of that particular shareholder success. Unless there is a miracle within 23 days, lol.
I am hopeful that there will be a good announcement for the mystery vein. This vein is already accessible and has never been mined before. This company needs cash flow which is a fact which I am sure has not escaped the directors and management attention.
Oh that can't be good news...selling half his holding (or have I read that wrong?)
https://www.anzsecurities.co.nz/dire...spx?id=4580538
Isn't it saying hes bought another 130000 shares?
Looks like the first notice he resigned as director of his trusts, so indirect ownership of shares under his personal name reduced by around half, then the second notice is he purchased about a hundred thousand shares in his personal name.
Just reshuffling the cards, or creative accounting, or whatever you want to call it.
The "disposed" amount correlates to the shares held by Hill Family Group, seeing as M Hill has resigned as a director of this entity he no longer has any interest in the shareholding held by this entity.
He has not sold down any shares, simply stepped away from a entity that has a current holding.
Agree, he has reshuffled and purchased some more
Sorry can't copy and paste it nicely
No. of securities held prior to change 52,408,038 Ordinary Shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation
A$1,600 for 100,000 sharesNZ$510 for 30,000 shares
No. of securities held after change 52,538,038
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-backOn Mar
NTL has 3 weeks to get the sp back up to AUD 2 cents for the 28/11/17 oppies to come into play. I'm expecting a nice trickle of news with Mystery vein Jorc and maybe some of those small sample results coming back as well. Beyond that she's all onwards and upwards once the bulk sampling and Rahu drill results start to come through.
I hope so - I'm ready to exercise the options should the price come up over the next 2 weeks but pointless I guess if they are still down. I'd rather do it this way than buy the same number today at the cheaper price - somewhat strange many would think but I guess the risk is reduced by waiting. The volumes are very low at present so it won't take much positive news to quickly lift the SP. Management are no doubt acutely aware of the importance of harvesting the options by the 28/11/17.
It will be interesting to see what effect "no new mines on Conservation land" declaration yesterday on the "speech from the throne" at Parliaments opening will have.
If the rule of law prevails little effect - the protestors will no doubt feel emboldened but the fact is NTL has a permit and if that is defaulted by Eugenie Sage NTL will be entitled to significant compensation. I'm also confident the police will continue to uphold the law. Hopefully Winston will install some balance into the decision making to change the law which in any case will take several years to implement. The land is not Schedule 4, it is an existing mine and the focus is likely to be applied to open cast so it ought to be business as usual. Once the gold starts coming out and more and more locals are either directly employed or enjoy the tourism/business spin offs a boutique mine in the future can offer then eventually the protesters enthusiasm will quickly diminish. Besides only 3 years max to the next election - possibly a lot less!
I agree Particularly about the positive affects that a profitable mine can have on the karangahake region
2 weeks only from today to get to get the options over. Do we think they actually care to get them over ? or need them for that matter ?
I think it will be interesting to see if there are any announcements in the next week or two outlining progress made with the concentrators, if there is nothing forthcoming before the options it might signal that the management have given up on them.
And given up on the faithful s/holders that followed them for such a long time, thankfully I am a new holder.
How new? I am since mid Jul this year.
Hey - Yes I am aware of that however I would expect we are due some progress report on the concentrators and it would not surprise me if it happens in the next week or two.
Perhaps the half yearly report may hold some promise? Last year was released on last Friday in November (25/11). This year would be Friday 24/11...
This is a litmus test for me. If these guys can't somehow turn these options into a viable thing then we can expect the share price to take a serious tumble on the 29/11... So I'll possibly just wait till then - if I can somehow trust myself to overcome their (so far) poor business actions...
While many (including myself) may believe the spp was poorly executed - let's not forget that the last 12 months for ntl have been overall very successful. This includes the previous spp at 0.005. One misstep does not destroy a company.
They are miners working on getting the gold out of the ground, not share brokers.
They wanted more funds to speed up the operations, for shareholders.
If the share market doesn't believe that and the buyers and sellers of shares don't want to pay x amount for shares on or about of that date.
That is no business of theirs.
They give people the option to buy shares on the market and as options.
That is job done by their financial controllers, market does the rest.
The management at NTL then keep doing what we want them to do.
Get that bloody gold out the fastest way they can.
True. If Shareholders had supported the SPP better we wouldn't be doubting them now and their ability to predict the markets reaction. They only wanted to get on with it as fast as possible.
Longer term for the mine looks great, especially once gold gets up a bit in price. However, I bet on a promising horse a few months ago, the November options. Right now I am back at last weeks Melbourne cup. With a whipping, is there still any chance for a win for Options? Or will I be ripping the ticket up? Lunging for the line, Options look to be losing strength, 2 cent share is gaining ground.....
You do, of course, get a longer bang for your buck gambling on junior miners than you do on horses :-)
Just in case anyone missed this...
http://www.nzherald.co.nz/business/n...ectid=11944876
Yeah it was up on the Hot Copper and looks good, business as usual.
All eyes now rest on the miners doing what us shareholders expect them to do, mine that gold.
Whats with the SP
1.6 1.7 1.8 and in AU its stable.
Most of my predictions for this stock have been wrong lol so I guess I'm on a bit of a roll!!! A bit more crystal ball gazing and fortune telling .......... so for next weeks options to be worth anything, there would have to be some sort of positive announcement either today or tomorrow. Fingers crossed!!!
Looking over some old reports on companies to watch I came across TROY {TRY} . Not that many years ago they were trading at 4.80 dollars now trading at 10.7 cents. Why well it is all to do with grades. TROY grade is 2.7g/ton. NTL reports 17.6 g/ton at Maria. I understand that it takes about roughtly 3g/t to break even.
Bulk sampling is to start early 2018 and with the concentrator things will be looking up next year.
Looks like the 2c oppies are probably worthless at this point...
Yes - I would agree. The SPP took them down.
The share price was @ 0.007 prior to the 12/7/2017 - resource upgrade announcement. After a nice uptrend through to 25/8/2017 it was @ 0.027 and overall still climbing. NTLOA looking great the trading day before the SPP announced.
They seem to be asleep at the wheel.
Agreed - I was expecting an update over the last few days but appears there is nothing to announce.
The announcement I want is that good progress is being made at the mine site and that bulk sampling is about to start. The company needs to put behind it all talk about the great grades and about any further thoughts about mining the shareholders for more cash.It is either make or break----get on with gold mining.
Very wise words digger
Change to permit pending. Anyone have knowledge of such?
http://data.nzpam.govt.nz/PermitWebM...p?permit=51326
https://permits.nzpam.govt.nz/ACA/Ca...encyCode=NZPAM
Ha ha
Good to get Rahu piggybacked, but I cant see gold coming out a 2000 foot deep hole ( where it looks good to extraordinarily good gold should be - 100 gms/tonne? ) for virtually ever. However it didn't cost us anything to get 80% of Rahu back, by the look of it.
My 700 000 options and 100 million more of other shareholders options are about to go to oblivion. Roughly speaking $1.8m gained from SSP, but $2.8m lost on November options. I have 10 Canadian gold /silver junior miners/ prospectors shares, and have never seen a company snatch defeat ( in fundraising) from the jaws of success, so emphatically. November options looked such a dead winner to me! Still, better than betting on the horses ...
Maybe...but the wheels will have likely fell off the ntl bandwagon even without the spp...3 months is a long time.
They made a misteak with the recent capital raising. I guess they must have thought that with all the excitement about the resource upgrade and a 2.7c shareprice that a capital raising at 2.2 would work. The capital raising prior to this was highly successful.
To be fair management have done an excellent job overall. They must be very close to digging out gold from the mine. The ore concentrator and the mining robots giving better access to the gold seams have got to be good for the future profitability. My concern is still the cost of Rahu and to what degree that will reduce the cash on hand.
So the deadline for NTLOA was yesterday and yet they're still listed. Any chance of an extension?
Hopefully that's coming soon - looks like we are heading back to sub 1c
Having said this - it's the best volume day we've had in a while :)
I have learnt a lesson from this stock. Dont get caught up in all the hype and whatever you do, dont double down. Get rich quick shares are not for me! I can see that slow and steady and well managed is the way for me to go. Had I put my cash from a couple of the dogs I have invested in into something that has already delivered like HBL I would have been much better off. As I say, good learning curve for me as really i did NOT DYOR. I do hope that the good news will come soon and perhaps I'll recover some of my losses and I hope others that are more heavily invested get to see their investment flow and are able to say 'told you so'.
Maybe I was one of those. I haven't been selling, although with a crystal ball I would obviously been a lot better off to have sold at high 2s and be buying back in now. Mind you the volumes traded at these lower prices are pretty light so wouldn't really have suited me anyway.
There's no less gold in the ground than there was yesterday. I'm holding tight. The worm will turn....big time
I bought into the hype and the SPP,lost a bit on the options,but this stock has always been a punt,and you should invest accordingly.In fact bought a few more today.
Disc holding hoping for more fun!
I'm a long term holder and proponent (and still am), and have "gone quiet" because from my point of view (and everything is relative) things are going well.
I'm up over 150% and don't believe the story has changed. Buy as many as you can afford to loose and sit back and relax for a few years...
Or... fret on a daily basis over what you *think* management are up to. Is up to you.
Just as equally the nay sayers all seem to magically vanish when the SP rises...
(disc: not financial advice, dyor etc etc)
Where to now management ? whats the fall back position ?
My first purchase was 09/07/2015 - and I am in this for the long haul. Holding long term is still fine. Recent purchases hoping for a risk free get rich quick are finding that is not how the world works. Volatility is the nature of this end of the market.
I am quiet mostly because no announcements have been out for a time - therefore no fundamental changes to the investment profile for me.
All these recent trades are relatively low volume so I continue to hold and monitor for top up opportunities.
I've been with HGD since 2006. Started off with a few thousand shares now accumulated over that time to several millions of shares, majority of that are free carried shares now.
Still, I'll probably have grey hairs by the time the SP has any real meaningful value.
Just like property - There's the quick flip and the long-term capital gain...
Steady as she goes!
No mention of any liabilities for Rahu so I have to assume there were no significant costs in taking it back. 4.3 M$ in the bank plus another 1.9 M$ to add to that from the SPP.
All good
Yer all very good there, still doing what they are good at, pump the share price, raise money and go quite untill next time they want to mine the shareholders again.
25 years on and good to see that they are sticking to what they know. They got me this time, I thought they were just doing it to put the NTLOA in the money
Well that point of view would involve ignoring the updated prefeasibility study due shortly, the commencement of bulk sampling due shortly and the reaquisition of Rahu. Add to that the refurbishment of the mine which is well underway I would say they are beavering away behind the scenes.
Yes water down everyones holdings time after time. His would have one of the most watered down this time, if the SPP was any good. I think that it shows you that he didnt want to put much new cash in himself this time and Yes it was very good to see that a spent very few $$ a few weeks back buying some on the marked
Playing any stock is just educated gambling IMHO. Ive seen businesses manipulate their profits (auditors cant find everything), Ive worked for companies that have committed large fraud.
Luckily had more ups than downs in NTL over the past 10years, but was one of the many well out of the money back then when I believed the hype, back in the day when get a mining permit was the good news.
I agree with comments above - DYOR - there is gold there, there is a model to say how much, until its out and processed, there are no guarantees.
DISCL: holding, but not as much as I used to. Also looking to top up - if My better half will let me ;-)
To be honest I doubt we'll see any new developments this side of Christmas ....