guessing someone got bored and sold down, which triggered others to do the same thinking they may know more? no idea, that's what i'm thinking though
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guessing someone got bored and sold down, which triggered others to do the same thinking they may know more? no idea, that's what i'm thinking though
im on the edge of my seat waiting for this announcement! "We intend to work closely with our potential partners over the next 30 days"
30th of Jan if business days next friday if just mon-fri or yesterday if just 30 days.
I think management will be keen to take up this offer from the chinese so they can focus their efforts on the other projects in the pipeline (which they will have enough money for after production starts) so giving up 65% of after cost material and no possible dilution for us.
I haven't really heard much about the other projects since holding NTL for the last 9 months really, does anyone have any info on Rahu/Golden Valley/Northland?
Part of me is hoping that the Chinese thing falls over, and then will have a decent sell down, before a new deal is announced. 2014 - SP can only go up after that
I thought I had a cheeky offer in at 1.1 yesterday. It got taken out in half an hour of odd activity. I,ve been in and out of these guys and the previous guise (HGD), but my average is now a hair over 1.1, having got quite a few @ 0.9 a while ago. Sub 1 be buggered! She's at rock bottom now! Why? Because I haven't got any more free cash!:eek2:
Pretty minor news and i'm thinking we won't see any SP movement because of it. Nice to see them with a little more cash in the coffers for 2014 though :)
17th January 2014
FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
NEW TALISMAN COMPLETES SALE OF SHARES
- Sale of balance of Armadale Capital PLC (ACP) shares nets NZ$417,927
- Net return on capital invested in February 2013 of 38%
New Talisman Gold Mines announced today it has completed its program to sell down the Armadale Capital PLC (ACP) shares issued following the acquisition by ACP of NTL’s interests in the Mpokoto Gold Project.
Following the acquisition late last year of NTL’s interests in Mpokoto by Armadale Capital PLC, a UK listed entity, NTL received 93 Million ACP shares. NTL has now completed the sale of its shares in ACP netting a total of NZ$417,927. This represents a return on capital invested by NTL in February last year of 38%
Executive Director Matthew Hill said “New Talisman is pleased to have exited this investment on such satisfactory terms. The funds from the sale of the shares in ACP will be applied to the company’s Talisman project which received resource consents for proceeding with the Bulk Sampling phase of the project late last year.”
Matthew Hill
Executive Director
New Talisman Gold Mines Limited
Direct +64 27 5557737
matt@newtalisman.co.nz
Maybe not a price mover, but hopefully a "firmer" if that makes sense. Waiting, waiting, waiting....
Till we break out of this range and the price is firmer for more than a week after a rise, I'm just being patient. It's really annoying though when they mess around with the spread. Earlier it was 0.012 - 0.013 then now look 0.011 - 0.013 and if you look at past it is a common theme. Oh well :p
Whens the 30 days up moosie??
What outcome is everyone hoping will happen?
I hope the due diligence is a success and we go to a shareholder vote on what should be done. If this occurs I feel that having external confirmation that NTL could be operated profitably we could see NZ investors become more interested e.g. Newmount, in striking up a deal.
I think voting could go either way. There is two sides of the coin, if the deal is accepted then we are looking at fast tracking to mining and pulling the gold out of the ground. This involves less cost to the company and ultimately is faster in returning some gains to us, the share holders. But that comes at a cost. A majority of the gains received will be given to the investing company, which is a major downside and ultimately means less gains for us, if this is successful.
On the other side, we can wait for a better deal or try fund another way. This incurred more cost and less time getting the gold out of the ground. Ultimately means if its a success, the shareholders will achieve larger gains, but if we don't find a place to process the ore, we could be burning capital looking for someone to do it.
Thought I may try strike up some conversation on this thread, as if the DD is successful we will have to pass a vote!
I know we also striked up a conversation when the initial offering came out about what the company should do, but now as we get closer the the time when we will see the results of the DD, I thought I would revive the convo and see if we can come to a conclusion.
Well this suggests to me that we are in-between a rock and a hard place (gold potentially). If we accept the deal we will most definitely begin mining by the permit date. If we don't and try find a better deal, thats puts a huge time target on agreements!!
Still holding tight as well.