On what conditions would you "jump back on". "Fool me once shame on you Fool me twice.........."
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On what conditions would you "jump back on". "Fool me once shame on you Fool me twice.........."
Hey team,
Im a long time listener and very infrequent caller.
I have invested and got out of these guys a few times, I have a reasonable holding but it owes me nothing. I'm pretty disappointed with these guys these days, they had some pretty decent cash a year or two ago but I have seen very little done with it, I'll admit Covid probably didn't help in terms of accessing supplies or building anything, also local protesting probably not awesome but should have been expected and prepared for. I like Jonu would like to see them succeed but i have some major issues with how much the CEO gets paid, even you jonu must accept the CEO of a loss making company getting paid more than a CEO of a company that turns a profit is a bit cheeky, if he demands that amount of money I feel he demands a certain amount of accountability to us as shareholders and should communicate with us more frequently so we can understand what we are paying for. Do you agree?
If they ever get a confirmed plan to extract and process. IF, thats the worlds biggest IF, they were to announce a partnership with someone, then happy to miss out on the initial jump in SP. Until there is real evidence, Im out.
Ive already been fooled twice!!!
100% - Im too lazy too look, but given the relative small number of employees, and given Matt is unlikely to be the one trying to complete the paperwork to meet legislative requirements - what does he spend his 40hrs (most MDs would be 60) a week doing? His salary is high, even after he took a cut. Achieved anything? Well, no.
Well its pretty clear nothing is happening down at mine, they openly said that.
400k is obscene for non performance and I dont know how legal the board of NTL have been.
But selling the Waihi mine assets to someone ?
And starting up shop mining shareholders somewhere else, is the only option left here.
Unless they have come up with some way to make money here.
Hopefully for current shareholders that is what they are doing.
I would have thought using the pilot plant to process the best ore straight from the vein face would have worked.
But obviously that didnt pan out.
Although someone here has inferred that this is what they have been doing.
Maybe they are paying the workers in rocks to take home.
The whole thing stinks big time.
If I were a shareholder the thing that would really upset me the most, more than not finding or processing any gold, would be spending the last of the cap raise on two new mines without any reference to strategy, plans or consultation with shareholders. Like it’s not their money and to essentially capitulate on 20 years of investment into a hobby mine and a vacation mine. Well it really is a bloody mess isn’t it?
Here is a nice update for ya Jonu,
Key Highlights
• First gold produced from Martha Underground.
• 2021 production expected to range between 35,000 to 45,000 ounces of gold.
• Indicated Resource increased 36% to 1.0 million ounces of gold grading 5.2 g/t.• Extensive 2021 drill program including 27,000 metres targeting resource definition and extensionalopportunities.
• Feasibility Study with initial Mineral Reserve expected at the end of the first quarter 2021.
Michael Holmes, President and CEO of OceanaGold said, “We are very pleased with the progress we havemade at Martha Underground where we have achieved first gold production and expect steady-state in thesecond half of the year. We will continue to batch process MUG ore this month ahead of the planned millshut down to install a new SAG mill shell which remains on schedule for completion in late second quarter.Once completed, we expect underground production to sustain continuous milling.”“Following our successful 2020 infill drill campaign at MUG, the Company is pleased to announce an increasein the Indicated Resource to one million ounces of gold grading 5.2 g/t; an increase of 36% representing theaddition of approximately 260,000 ounces of gold. The increase in Indicated Resource underpins theminimum ten-year mine life targeted for MUG.
Importantly, we are also on track to complete the MUGfeasibility study that will include our initial Mineral Reserve for the deposit.”“We continue to be very excited for the future of the Waihi operations. We are a responsible mining companythat operates to the highest environmental and social standards. With over 30 years of operational successin New Zealand, we are widely regarded as a valued corporate citizen. We look forward to advancing ourexciting growth projects in New Zealand, which we expect will deliver significant socio-economic benefitsincluding an additional 300 new jobs for the local rural communities.”
oops, wrong company
I'm pretty sure Jonu must be the only person posting on this thread that backs the company. And it does make you wonder, why?
Get rid of Hill and maybe something will happen with this company. In the meantime, I' m with C3PO, it's doomed.
I admire Jonu, glass is half full to be sure - nice to have some positive comments about the company, but given he/she knows as much as the rest of us, its sad to have only one person fighting to support NTL.
Without saying there is an attempt to ramp up, if I was holding, I would keep the positive spin going too, just to hasten my exit.
I took my medicine, now just hope something does happen, so I can make some of my losses back - be clear, I am not holding at the moment though
DYOR - newbies, be very afraid.
The T20's have decided to do another calendar for 2022, with photos of the top 12 in matching order to each month.
Are you remaining at 4 Jonu, so it is you they will see first on April Fools day, or have you marched into March, No 3?
Yep, its just not the same without the balanced objective assessments they used to offer.
"rocks and spread 'bull****' for 'his' own amusement"
Much like Bullish & Epithermal ?
Stupidly I still hold a pittance. When I decided to sell up as I couldn't stand seeing it in my portfolio anymore, someone suggested I just remove it from my portfolio rather than sell, which I did. In hindsight, I should have just sold them and had a nice massage!. So, yes I still qualify as a stakeholder, albeit ever so small.
It is you that I feel the sorriest for Jonu. As a top 20 holder I suppose you cant sell without alerting everyone to the fact that you too, may have lost all hope. Yes, you have shared your frustrations on here from time to time, but have you shared with the board, told them maybe it's time Hill was shown the door. Or are you best mates with Hill?