Well said MC. I invested 4 years ago and gave myself 3 years to find the gold.
Sold out over the last 3 months and like you invested in a couple of Aussie miners and starting to recover my lost opportunities and money.
NTG are highway robbers.
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Well said MC. I invested 4 years ago and gave myself 3 years to find the gold.
Sold out over the last 3 months and like you invested in a couple of Aussie miners and starting to recover my lost opportunities and money.
NTG are highway robbers.
https://www.sharetrader.co.nz/images...quote_icon.png Originally Posted by ziggy415 https://www.sharetrader.co.nz/images...post-right.png
don't forget the $8 million dollars over 2 years on the pilot plant as part of bulk sampling...….(am ducking under table to avoid the obvious cow dung that will come my way)
Am I being too cynical. I think not.[/QUOTE]
Yes you are a tad cynical which is your right,but please don't believe everything that is posted here is gospel.Where on earth does ziggy415 comes up with his facts! For the year ended Mar2018 NTL paid out a total of $1.575mil,on development costs and for year ended Mar2019 $2.487mil.
A simple look at the books would show they have never had $8mil to spend on a pilot plant!
Yes you are a tad cynical which is your right,but please don't believe everything that is posted here is gospel.Where on earth does ziggy415 comes up with his facts! For the year ended Mar2018 NTL paid out a total of $1.575mil,on development costs and for year ended Mar2019 $2.487mil.
A simple look at the books would show they have never had $8mil to spend on a pilot plant![/QUOTE]
SORRY STEVE CANT FIND THE DOLLAR FIGURE BUT GO TO 2019 ANNUAL REPORT PAGES 3 AND 5 AND THEY MENTION 360 GOLD EQUIVELENT OUNCES PER MONTH OVER THE 24 MONTHS OF BULK SAMPLING...but if you do the math...
SORRY STEVE CANT FIND THE DOLLAR FIGURE BUT GO TO 2019 ANNUAL REPORT PAGES 3 AND 5 AND THEY MENTION 360 GOLD EQUIVELENT OUNCES PER MONTH OVER THE 24 MONTHS OF BULK SAMPLING...but if you do the math...[/QUOTE]
Sorry Ziggy I thought you were talking about the cost of the pilot plant!
Sorry Ziggy I thought you were talking about the cost of the pilot plant![/QUOTE]
Hi Steve. Fair point. But I think regardless of the actual $$ raised and spent, NTL has shown itself to be a highly inefficient user of capital. If I had the time I would go back 10+ years and work out exactly how much they have raised through CR. And then you would compare that to the time spent 'refurbishing' the mine and 'refurbishing' the CEO's pocket against the anticipated eventual payback in terms of gold extracted. The equation keeps getting worse with every successive CR. At current gold prices I think the net proceeds per Oz of gold is about US$650. Estimated reserves (if they can get them all proven and out of the ground) is about 400,000 Oz (?) - so not a huge amount compared to what is available offshore = US$260m. But realising all of that (or any of that) still seems a very long way off. That equates to about 9.3cps US (=NZ14c) based on 2.8b shares on issue at present. There will be more shares issued yet, and it will be many years before any substantial returns are generated, and probably nowhere near the net value of US$260m will be realised - unless the gold price goes up to the much vaunted $10k per Oz that keeps being bandied about.
Have any of us got that kind of patience when there are so many better opportunities out there, Right Now. Take a look at the MLL chart and tell me what's not to like about that. Up 6/16c in recent days with a big mine purchase and plenty of unexplored potential. Saved themselves $300m capex having to build a mine from scratch.
The valiant battle on the ping pong table continues.
Mr .6c has only 8M strokes left, against Mr .7c with 77+ M strokes to unleash.
Mr .1c waiting in the wings is warming up, and on current progress, could be in the match soon.
All this while the POG is strong.
Not sure whether to laugh or cry at this ongoing pitiful NTL saga ...
but looking at the US Listed Canadian based KINROSS GOLD CORP (KGL) gives very good indication of
what a successful Gold producing Company looks like ;)
Hey - they have even paid a dividend this month ..
Quarterly due by next Friday. Am expecting results on Mystery blast and progress around a processor. Am guessing they have waited to see how the cards fell with respect to the Greens. Generally favourable in that regard.
Anything material (a low bar now for NTL?) should have been announced in the quarter, so I'm not expecting anything big in this report. Political parties are irrelevant. Regulatory environment hasn't changed in years, including at the local level.
Im bemused following the SP - VWAP stuck at $0.006, but closing price half the time (over the past few weeks) is $0.007. Just the way of the market, and normal with sharsies bringing small players to the market.
Had a mate ask whether he should buy in - my recommendation was to hold as downward pressure on price seems the trend.
Hoping the quarterly lifts things.
You reckon they will release today or blame COVID?
Looks like they have all had a 3 month holiday on us!
Beyond a joke
BUY IN? are you joking? seriously who would buy into this? youd have to be completely bonkers!