ok so it.s down to .6,looks like someone exiting the market and cashing up all their holdings.One would expect this price to hold,but you never know with Mr Market,but I do know that if I find some cash I would certainly be in at this price
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ok so it.s down to .6,looks like someone exiting the market and cashing up all their holdings.One would expect this price to hold,but you never know with Mr Market,but I do know that if I find some cash I would certainly be in at this price
Bought back in today at 0.006. I've been out of NTL for 18 months. Time will tell whether it was a good decision or not I guess. :):)
^^Good buying^^
I wish I could do the same
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Sharemarket and oil price crash as expected - TICK
Where to now, as the options for yield gets thinner by the day.
Bank rates and interest rates down, property to follow latter in year (maybe NZ an exception).
What is left on the table as the safe haven - GOLD
It is a matter of time.
Auckland property by the way, strong now, will suffer, but then when the masses realise, tiny island, too far away for boats, easily restricted airports, where would you want to get your money too and operate business, certainly not Tokyo, London, New York, Hong Kong, Paris...………. no, not going to work.
And Iceland aint going to cut it.
All this bodes well for a full mining permit, IMO one of the biggest hurdles NTL faces. Creating regional jobs in an environmentally sustainable mine well people are being laid off at alarming rates in the regions is a huge plus.
NTL had $3m cash on hand at end of previous quarter (31/12/2019). In that quarter it spent just shy of $.5m. There was no income during that quarter, as is common with NTL.
If the expenditure remains low (by historical standards - spent $3.5m in previous FY) and/or income materialises - they may be able to get through 2020 without another capital raise.
However, if not, 2020 is not shaping up to be a good year for a company to be asking for a(nother) capital raise.
On the flip side, this would be an outstanding time for NTL to be selling mined gold.
Well someone just got out in a hurry and didn't mind selling low to do it...
It's going to take $$$ to scale up the pilot plant, get the resource consent, and build the processing plant. Not sure it'll be a low expenditure year. Though I guess mgmt could just delay those decisions again and again to save money...