Eye's wide open ay Jonu, i bet that's making a few sit up in their seats. hopefully it continues.
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Could be Mattie doing a mismanagement buyout, seeing he's lost his voice on here!
Up .2 in Aus to .007 not huge volume but at least the trend is in the right direction.Just 2.5m left at .007.There are a few on the NZX looking to buy at .007 perhaps they should gobble up the ones on the ASX?
Is this stock about to do a BGI? :p
The virtual AGM will beheld on 6th August at 11.00am. Hope as many as possible will be tuned in.
I think it is time for us sharetrader to get together and have some group questions put together. I have a few of my own that I would like considered. One is a big one which I will not outline now as it is a question on its own. For now lets consider the obvious ones. Also I like the idea of all question given to the board in advance as,not to make it easier for the board ,but to give time for the best considered answer. This is not about pulling off some fast trick question to score a point. I want an indept answer.
My first questionis POG. If you privately own NTL and now seeing the value of gold rise in the last two years would you if you had the advantage of hindsight began markening gold two years ago. For the future and with the likely continued rise in gold price how do you see the balance between production and just leaving it in them there hills.I have read serious central bank reports that gold is in for a steep climb in the next few years. The big rise has not happened yet. Is this factored into NTL non production.
I am hopefull that we holders can get some group questions started here on sharetrader.
I will be back later with another concern.
About 12 hours since my last post.. Looks like everyone is very happy with the status que,as no replies.
One point needs making. While this FMA investigation is still underway Matt or any other board members will not be able to discuss the matter. That is the way our judicial system works. Probably why VINCE has not replied to my post last week as well.
Anyways it appears very one is happy. Have to be with gold closing over 1900 US. That is about 2900 kiwi and extraction cost are less that 1000 kiwi.[[Actuall posted as 750 but better add a bit].
Question for the AGM. How is the full mining concent proceeding. When can we expect some update on progress??
Hi Digger
I am sure there will be replies, I think a lot of people take the weekend off sharetrader?
For me it would be really good to understand exactly what needs to be completed to start bulk sampling as we thought this would have been a lot sooner than now. Ideally it would also be good to have a timeframe, but would settle for knowing what milestones need to be completed before we start generating revenue
I see horizon have poured first gold from their aussie mine and are planning to treat 159 tonnes of ore per month at....wait for it...an average of 1.86 grams per tonne....ntl has something like an average of 15 grams per tonne and in some sections of the mine 1000 grams per tonne?....if only we could get it out...we can only hope
You beat me to it Chippie. I think this is what's most holder want to know. An honest timeline to production is what i believe will ease frustrations of holders and give the SP confidence to move, is it 1, 2, 3years away? . What are the challenges i don't believe this is that hard I'd happily do it for them if they gave me the details. when i'm back infront of my computer i will post some more
Thanks Digger.
My questions would be around the concentrator as follows:
When is the upscaled concentrator expected to be ready for production following the success of the pilot plant advised in the 2020 annual report being able to produced 800g Au/tonne of concentrate?
Is consideration still being given to locating the concentrator and disposing the tailings within the mine with the associated transportation contraints being eliminated and environmental advantages maximised?
When the upscaled concentrator is ready will the two year bulk sampling consent then be immediately triggered?
If the upscaled concentator is still more than 6 months away, and with the PoG quickly escalating, has any thought been given to commencing production of the concentrate now with the pilot plant?
Thanks again Digger.
It would be good to see some really tangible progress past the recent years (or decades) snails pace progress amidst the
chapters of ongoing Cap Raises on Cap Raise to top up the supply of available Readies for the next snail crawl at NTL
(And not the feel-good prerequisite BS priming up for the next mining of Shareholder Pockets)
It's probably just as well no very rare snails were found down the mine depths or the whole job would likely be more screwed
and sailing backwards further.
How long did it take the old school Miners digging in the depths of these very mines 100-120 years ago to start getting production out of the same holes that HGL/NTL are still playing around with, but haven't to date dragged out meaningful pay dirt from below, past perhaps still dreaming about it ? ;)
It's not as if any very major digging etc has been necessary by NTL/HGL - the holes & levels were probably basically there and always have been from old workings, needing maybe strengthening, better access, where flooded - draining, Upgraded Services, H&S and other add-ons.
Will they be announcing a new CEO soon ? ;)
1. Does there need to be another CR, if so, whats the least amount of money needed to get production going? What the worst case scenario for cash required?
Probably another CR and possibly another after that. The problem with this type of investment is that the punters are not told and do not understand the reality. If everybody was told 10 years ago that in 10 years time we still would not be seeing any gold no money would have been raised then or in any other subsequent CR. It could be said it would be stupid for management to present the facts. As long as the mine produces gold profitably in the end then the end justifies the means. If the mine never produces and management has always believed that was a more than likely outcome then of course that is a different story. I do believe that management and the board believe this mine will be profitable and so I do understand to an extent the pressure Matt Hill would have felt.
I am sure that Matt Hill has a lot of knowledge and has had a very positive effect on the operation aside from the recent alleged events.
In my view this company has not been good with public relations. A board member with PR expertise could have made a significant difference.
I only wish that all these past events could be put behind us and production could be started as soon as possible.
Agree, its tough for the Board, but they are obligated to tell us what they think is realistic. Playing the incompetence card is wearing very thin.
I think this thing can make money too, or maybe thats more my heart trying to over-ride my brain for my investments sake. Its a sad state now, anything they say, we doubt. I fear for another CR, cant see it being as succesful as they have been in the past.