Has anything come of the FMA? Or are the FMA "still looking into it".....??
Printable View
Has anything come of the FMA? Or are the FMA "still looking into it".....??
Ring Ring.
Good morning, FMA OFFICE.
Can I speak to whoever is handling the NTL file please?
Yes, that will be Snow.
Snow who?
Snow way anythings being done about that!
Ring Ring.
Good Morning, FMA Office..Matthew Hill speaking.
HILLarious!
Just prior to start of NTL shareholders meeting.
Knock Knock.
Whos there?
Matt.
Matt who?
Yep, Matt who's got all ya money!
Meanwhile at the entrance to Karangahake mine.
Knock Knock.
Whos there.
Nobody.
Whaddya bl00dy mean, nobody?
Theres no body of ore in there mate!
Later, at an undisclosed address.
Knock Knock.
Whos there?
Jo
Jo who?
Jo who nu his money is getting turned to dust...
Such is my distrust for anything NTL say or do, when I read this in the recently released quarterly cash flow report:
"The actual development expenditure for the quarter was $117,354 compared to a budget of $203,000. The reason for the variance was due to the entity completing less mining work during the quarter than expected."
I went straight to the place of:
Less money spent on "mining work" equals more money available for management to keep drawing wages for a bit longer. :scared: :scared: :scared:
0.3 200,000 17:02 :ohmy:
This thread is an active reflection of the NTL business itself, very little info, and just a joke (to which I have contributed poorly). Gotta keep ourselves amused in troubled times.
It was a few months since I contacted the FMA direct and got "still under investigation, cant comment anymore". Based on the comment that the Chair of the Board wasnt the best at responding to information requests, I would imagine the FMA may face similar issues - that said, the comments here are black and white - whether they were illegal or immoral, we can only guess.
Golds still in the hole they say - just get it out!!!!
I concur 100%.
It's been almost a year since Hill was exposed. Sometimes I think we live in a third world country with the time it takes to get things done. FMA should have a bit more to say by now imo.
After all there's still people prepared to buy shares in this company.
This dude better be careful. His wish might get granted as it's slowly grinding down towards him.
One share at one tenth of one cent. :D :D
Attachment 12508
As Landyman said above, "Gotta keep ourselves amused in troubled times" :p
4.4 M shares "executed" at .3c so far today.
Keep calm.
Jonu's on.
100K rescued at .4c now.
I think that guy with a bid in for one share at one tenth of a cent could be this guy??
He doesn't own a single share in NTL so maybe he wants to get some 'skin in the game', but doesn't want to risk too much of his NTL Board salary.
NTL Chairman Mr Charbel Nader B.com, M App Fin, CA, CTA Chairman and Non-executive Director
( I see he's a 'Non-Executive Director of Madman Entertainment' - an apt description for this company :D)
Mr Nader is an investment banker with extensive experience in corporate finance and strategic advisory and board roles, including experience in mergers and acquisitions project finance. Charbel has worked across a range of industries and has expertise in the finance of capital intensive projects with volatile returns. Charbel was formerly deputy chairman of Aspermont Ltd publisher of the Mining Journal and organiser of the Mines and Money events in Hong Kong, London and Melbourne.Mr Nader was, head of Pitt Capital Partners Melbourne office (a subsidiary of Washington H Soul Pattinson), and founding Chairman of a successful media start up and oversaw its sale to Fairfax Ltd for in excess of $100m. He is Non-Executive Director of Madman Entertainment, distributor of the highly successful New Zealand film The Hunt for the Wilderpeople. He has been a director of gold mining companies with assets in Hungary. Mr Nader is a non executive Director of United Networks Ltd, Chairman Growth Factor Ltd. He has a Bachelor of Commerce and Masters of Applied Finance from the University of Melbourne, is Chartered Accountant and is fellow of the Tax Institute of Australia. First appointed August 24, 2016 and re-elected September 18, 2019