No capital raising needed gold will be over $5000.00 USoz in the near future.
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No capital raising needed gold will be over $5000.00 USoz in the near future.
60 million shares for sale at .8c.Says it all really
Remember when people were selling A2 Milk at 50 cents, what did that tell you about the companies future. NOTHING.
And I reckon shareholders will be extremely wary of another capital raise, seeing as the last was supposed to be enough to take the business to cash flow positive, complete bulk sampling, and start extraction and full production.
http://nzx-prod-s7fsd7f98s.s3-websit...634/301200.pdf
20/21 Q1 has just finished. So I suspect the report due at the end of the month will only repeat the 'we're talking about a JV', while showing further cash outflow.
Not sitting in the ground it won't be.
Unless NTL are planning a joint venture and have some way of processing the ore they haven't yet told us, they'll need more cash to get to a point of cash flow positive.
IMHO.
Have been a holder for a few years and if past history is anything to go by we are still a long way to selling gold.
You might be right though, by the time they do it could be 5 grand an ounce.
Problem for me still sits with management and their failure to deliver on timelines. SP is heavily discounted based on their lack of results.
its clear they were never going to deliver on the timelines. It a do the least to get the money in. The investors need to realise what obvious and hold some feet to the fire..
I would guess that less than 75 shareholders are in control of the company and that is the problem. The board and the management know that it is unlikely that the shareholders will organise themselves. The board is supposed to represent us the shareholders and I see very little evidence of that. Hills salary is an example. My view is that his renumeration should be made up with shares as well as a base salary to focus his attention and align his interests with the shareholders. 400k / annum is an outrageous amount for a Small company that has achieved very little. These guys are relying entirely on raising capital from the shareholders. This company needs to become cash flow positive and The board and CEO do not see it that way.
Hill per Ann Rep.
2019 $415
2018 $360
2017 $356
2016 $187
2015 $230
2014 $254
2013 $153
2012 $20
Had 42m shares in 2019, whether there are more in "family" trust - would he have to declare related party holdings? Certainly worth keeping this thing running
Here is a quick summary of why you should think twice before investing in NTL.
September 2013 - CR @ .010
June 2014 - CR @ .008
October 2014 - CR @ .010
June 2015 - CR @ .007
May 2016 - CR @ .005
August 2017 - CR @ .022 (ouch)
June 2019 - CR @ .007
My apologies if I have missed any others etc. I think the point remains though that it is hard to stay positive when it always feels like there is further dilution just around the bend.
Not a good look is it and I agree with T. rex’s comment about Hills holdings relative to his renumeration.
You have to be sceptical when the COO has no shareholding and the CEO along with the board didn’t take part in the last capital raise. They all knew of course that it was not going to be the last. Possibly when the above gentlemen come up with some dosh then maybe this mine will be close to producing revenue.