Originally Posted by
Baa_Baa
Hey Jonu, I admire your enthusiasm and support your posts on almost all other things, but getting worked up about JT here on NTL isn't helping your cause. He uses inflammatory rhetoric to wind you up, it could be fairly said NTL are serial liars because time and time again what they say they will do isn't what they actually do, or achieve. Alternatively though you could say they are optimistic, perhaps overly so and unintentionally mislead investors. Depends on your perspective.
I don't see what JT said as being defamatory, but not being a legal mind I wouldn't know the in's and out's of it. What you might need to get used to is that NTL have misled investors for decades 'it's a proven goldmine and profit is just around the corner'. Well that may be the case but the fact is that they have huge hurdles still to overcome to get to realistic commercial production. Massive hurdles, some are potentially show stoppers.
There's really very little evidence that this is a good investment right now, some might say no evidence. Serially they underperform, over promise and fail to deliver. Imo you won't see any commercially viable gold quantity coming out of this mine for a long time, if ever. Just compare it to Aus explorers and you'll see how inept this management is at converting possible and probable ... to mined and sold ore.
Just saying. No need to shaft the doubters, they have decades of reality to refer to. They are also correct that unbelievably NTL have managed to secure vast millions of $ to sustain their exploration, diluted shareholders into oblivion, pay their staff outrageous salaries (no way they can justify the CEO salary, for example, come on!), and deliver pretty much nothing except promises which have never been delivered upon.
Sorry to run against you Jonu, I do genuinely like and read what you have to say elsewhere, but I think this company really is a flea ridden dog and when it isn't, or if it ever isn't, a simple price chart will flag a buy-in. No need to suffer however long the opportunity costs of holding a mutt with no evidence of ever getting a ROI.