merry Christmas everybody :t_up: up to 0.017
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merry Christmas everybody :t_up: up to 0.017
1.7! all the cheap ones gone, crazy
Glad i picked up the packages at 1c on the ASX :D
Cheaper in Oz, 1.5 to sell, peeps paying 1.8c in NZ
I'm gonna go be in early retirement in the near future...... :t_up:
We are selling today, going once, going twice 1.8cents in the back left corner do I hear 2?
yeh I can see this dropping back down to 1.1-1.3 before the next announcement, this has been the trend after every announcement they have made since march/april
I been away for a bit, and thought I would just check in on any SP movements on my phone and saw NTL performing best out of my whole portfolio, what a surprise that is!
Unfortunately I agree that this will draw back to where it was before. I feel, until we have the cash in hand this was just a hype and irrational jump in SP. But at least we now know something is on the table, and in the future we PROBABLY will have funding, no more dilution, and a JV partner for any further mining they may want to do. This is nothing but good for the company IMHO!
Im going to go back off radar for a bit, establishing my own business currently so awfully busy.
Will return soon ;)
Go NTL Go!
Now, come on chaps, this is the time for some constructive discussion about whether or not you will give your approval as a shareholder for such a deal... The prefeasibility report identified the potential for millions of dollars worth of gold and silver in the reserves. NTL said they needed 1.5m to get the money to start producing that stuff to get money for the larger mining operation.
Do you, as shareholders, really want to give away the money in the bag (or pile, as the case may be) for a bargain? Remember, they're discussing 65% (after costs) of the ore reserves...
Croesus is the first peep to G-up. One in the air one in the chamber.
I will not be agreeing - I say take out a loan to pay for processing of the reserves and cut out the need to give a disproportionate amount to external investors. I don't know if this is practicable but on a rough calculation the interest payments would be minimal compare to 65% of the profits of the reserves.
And the money can be used to get the mining going just as quick, surely.
Next thing you know ............... NTL becomes the next F&P appliances.....
So they are going to invest nearly 1.5 times the MCap of the money in exchange for 65% of the profits from the reserves...
On a rough profit calculation of $500US per ounce * 28,800 ounces (as per feasibility study at post 942) = $14m US
This is not taking into account the silver reserves either.
Hell no we won't go!
I don't think a normal style loan is feasible, someone with more knowledge of mine funding might be able to shed more light on that. It does look like expensive finance, but then again it's risk free.
At least we know the meaning of "very near future" now.