I'm still watching them, and I certainly won't be back in before extraction. Possibly also needs a consolidation. Would rather pay more if/when this takes off than wait for the next cr.
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I'm still watching them, and I certainly won't be back in before extraction. Possibly also needs a consolidation. Would rather pay more if/when this takes off than wait for the next cr.
The sampling and bulk sampling is to create slurry which is then tested for AU/AG content. There is no evidence at this stage that any of it has been processed into saleable gold, or silver, so there is no revenue let alone profit.
Your enthusiasm that now is the time when it all turns out peachy is infectious but 20+ years, is a long time between drinks.
Au contraire Baa Baa. They have processed small amounts in trialling, and the whole point of the Terra Firma deal is to have someone dig it out and process it. That's how close revenue is. They may upscale the trial plant while waiting for the bigger plant or just wait for it. Either way revenue isn't far away.
I've been on board for 9 years and it's just hard to get excited. The Terra Firma partnership will likely cease before anything meaningful happens like every other NTL news event.
The 'revenue just around the corner' rhetoric has been the only constant about this company. The reality is that there will be another CR before we see any revenue. Then there will be another CR before we see revenue. The cycle continues.
Meanwhile is it true that the guy at the top is on $400k a year? That's more than $7,500 per week! What's the motive to want to change that?!
Because he can. If he got paid what I get paid and put the rest in to digging. They might actually have some gold now. There will be another capital raise, with a little bit of excitement first, and then pay the Directors fees again, wash rinse repeat wash rinse repeat
400k Would be very cheep for a producing mine, as for a non producing mine I'm not sure.
Volume is up, SP is trying it's best to hold at .008 from dips to .006 not a bad report out and all the doomers and gloomers are out in force.
10yrs ago it can't have had any chance of producing and if I brought in then I'd probably feel duped to.
5yrs ago still couldn't see how it would have produced gold.
2yrs ago you could see/read that it was still a way off but they where trying and had a pretty lose plan.
since there has been some real progress physical things happening, assets acquired and up and running.
Every step is a step in the right direction and it's getting closer.
Will we see gold this year? 50/50, next year IMHO pretty good chance of that.
Will there be another CR quite possibility but lets cross that bridge when it comes. progress is the key and 9 times out of 10 the last 10% of a project is the hardest.
I believe If they wanted they could have produced a bar of gold in the last 6months but that wouldn't mean much.
what the are doing it piecing together a complicated project with a long term view of making it sustainable and hopefully making us a lot of money along the way.
Been in 3 years and agree with your sentiments. Willing to wait another couple of years to recover my investment and hopefully profit.
I agree with LTW
It is slow, but is making progress. Trading off speed to get the maximum recovery rate is good long term business
Agreed. However once they are generating revenue I think they should live within their means. If they are able to keep mining on vein they should be able to be self funding. As said earlier I'm not keen on further cap raises. It's well beyond time to be rewarding holders with cash not"cheap shares".
I totally exited NTL.
But a chance encounter in Thames with someone who knows a worker at NTL has brought me back in.
Nothing stellar to report, but it appears on the surface anyway, that progress at the mine is real, and they are not going to go under, which was my fear in getting out.
I still don't like Matt Hill and his ridiculous 400k salary or fully trust him, but I can see only one way for the SP price to go this year, as milestones are achieved.
I can't help but feel that they've wasted the best political opportunity these past 2 years. With an election in September there's a real possibility of no NZ First and the new government being Labour + Greens only meaning it might be considerably harder to progress the mine!
What a waste....
Good to hear Bluemanarc.
I have spoken to Matt in the past and there is an open offer for share holders to go and visit the mine and see for themselves the progress and gain a better understanding of what's going on.
Later in the year I plan to take up this offer and go have a good look around while the place is humming.
Crikey Bluemanarc, dangling a carrot like that, and then withholding - thats NTLs style!!!
I too am a fool.
Just don't want to get anyone in trouble that's all.
Anyway for good or worse, I am back in, lets see if my instincts are proven correct or not.
Just a comment on share market in regard to Coronavirus.
I dont think people have quite clicked on how serious this is for the world economy with China shutting down most of its factories and the borders also soon to be closed.
China is the factory of the world as well as a big consumer, and this is going to be a massive disrupter to many markets.
There will be a flight away from many shares and gold has already begun its climb.
I expect severe stock market disruption and also a move to gold mining shares like NTL.
If its not gold related stocks or gold itself, then people put in in very low interest bearing accounts for safety, or possibly property.
But I expect penny dreadfuls gold related to see some greater demand.
And a tightly held low trading stock like NTL could see dramatic SP changes.
Now if NTL were producing then yes I would agree,but a slurry of sludge is not going to cut it with investors,having said that I did pick up a few more today at .007,someone obviously needed to sell in a hurry!
Just for the record, gold is traded in quantities as small as one gram (for about US$60) and they still call it a bar.
"These bars weigh just 1 Gram and have dimensions of 8.5mm wide, 15mm tall, and just .55mm thick."
https://goldprice.org/exchanges/buy-...-united-states
A shame the company couldn't produce even that much to show off - it would focus a lot of needed attention.
Gold hasn't really risen much, despite recent comments about it being a safe haven with coronavirus disruption.
I think most of us here want to see a regular production of gold each week, and if is only 1 gram or 1 ounce per week, I don't think any one would care.
Just to see the pilot plant upgraded to be able to produce gold and have it refined somewhere and actually produce some gold each week, as per the Gold Rush, then we could see some progress and some self funding.
Exactly right Buemanarc. Producing a small quantity of gold would be just window dressing and I would think a lot of people would accuse them of that. Hopefully they have their eye on the bigger picture of commercial sustainable gold production and I think they probably have.
Couldn't agree more Blue if we could get a bit of production going by mid year wouldn't that set it off. just in before the bonus shares would be nice but IMHO its more likely towards the end of the year. if however gold is up around or over $3000 an ounce by then I don't mind the weight!! :):t_up::)
12 month low hit again today anything read from that ?
Boredom. Impatience. Insignificant volume though.
Half-way through the quarter and no news on any progress, despite the numerous 'accelerations' expressed in the last quarterly.
Meanwhile regulatory uncertainty grows, and the bank account shrinks.
Someone is selling their shares for $9 this morning.
They must know something we dont, they must have hit the Bonanza.
There is just under 10,000 shares for sale so we better get in quick.
Riiiight... Is that you selling them for $9???
Out of interest....Who has kept all their SPP shares for the 20% allocation? I have and have accumulated more at 0.6 & 0.7. I'm assuming a lot of the shares on offer at o.8 are holders that aren't going to bother hanging on.
No its not me, I just noticed it now, thought it was funny.
Or maybe they are serious, who knows.
I haven't sold any SPP shares either, nor have bought any since. Just sitting tight, that's me.
You'd have to assume the $9 sell is a mistake, but at over a thousand times the current market price, well, I thought it would throw up a flag at the brokers. Odd.
My feeling is that the "large" block at .8 are mostly those who bought on the offering and trying to make a "quick" 14% buck.
I would rather wait and take the slow 20%
I actually bought 15K,s worth in the first SPP then when they opened it up to everyone I sold the first lot at .8 and invested it all into the second one.Be interesting to see how they work out the bonus shares,as I have bought a few more as well
The 1 for 5 bonus is allocated on the number of shares you still hold on the cutoff date. Eg if you bought 10 million but sold 5 million you will only get 1 million bonus. Not sure what happens if you have traded in and out. Are shares numbered like currency? If so they could track whether you still have the originals as opposed to more recently traded.
Challenge: Is there a way to work out how many shares Hill owns? I think historically he has moved things into Trusts. Im picking I can get trust directors from Companies office.
I ask, as I have been pondering his (hefty) salary could actually be immaterial compared to the money he would make if the SP skyrocketed - this assumes he(or his Trusts) own a truckload of shares.
If this is true, has he fully participated in SPP recently (I think the answer is no).
Cake and eat it to? Big salary, and a SP that will one day (decade) rise significantly?
Im still sitting on the sidelines with the shares I bought at the 2c SPP, waiting and hoping.
It does not matter if he puts shares into trusts or not. If he changes his holding he has to disclose that to the NZX, be they in trusts or not. No need to waste a lot of time.
Page 30 in the annual report sets it out.
DIRECTOR INFORMATION AND DISCLOSURE OF DIRECTORS INTERESTS
The following general disclosures of interest were received in relation to the year ended 31 March 2019:
Director Relevant interest in Ordinary Shares Relevant Interest in Unlisted Options
M G Hill 42,159,085 1,500,000
M Stevens 60,000 0
C Nader 0 0
A V Haworth 4,500 0
So by my calcs his current shares value is around a years salary. I'm sure based on the quanity he would love the SP to rise also
He probably would but clearly Stevens the geologist , Nader , Haworth and the mining engineer Chowles have no interest in buying shares. I am a holder but lack of interest from some of the key men particularly Wayne Chowles makes me wary. To me this is a very speculative share.
Could they have them in trusts?
Parts of Waihi mine on a care basis shortly.
Gold up over the US$1600 NZD$2500
So what? It's absolutely pointless telling us this when NTLs gold is in the ground with no proof that its coming out any time soon...
Gold is trending in one direction (up) and shows no sign of stopping.
I'd agree with your statment if things were stagnant and no progress was being made. Be it slow, progress is being made and they are getting there.
They can't just pull it out of there A$$ every step has red tape and hoops to jump through. Once they kick it off it sets in motion a number of things so to do so half cocked would be only a fools game.
The company is well aware that share holders want to see gold but as above its not a simple task and takes time.
You sound frustrated or worried about it youngatheart - best thing to do is get on the phone go out and visit the mine this will more than likely ease your concerns
Gold price was always going to go up, so its no surprise, but I also note some of the share markets are also down, as I predicted.
You have to look quite far to find stocks that are not affected by the chinese shut down.
As the scale of the impact of the virus slowly filters through to the general knum nuts of shareholders accross the world.
There will be a clear run towards gold sounding share names, regardless of whether NTL are producing gold or not, the fact there is gold in the ground that can at some stage be taken out of the ground, is all that matters.
Who in their right mind will keep holding shares in Airlines, tourism, food exporters to china, manufacturing companies relying on inputs from the factory of the world, etc etc.
I for one have already moved all my families kiwisaver and other funds across to conservative and will keep it there for the next 2 years.
As long as the POG keeps going up I’m quite happy to stay in NTL. Just means once they kick off the SP will reflect it. If it drops down to .005 or lower I’ll buy more. Call me a fool but at the moment it’s not a bad place to be. Seen a few big drops today and funnily looking at the ASX a lot of the small caps done quite well.
Also if the market continues to fall over the next month or two and then steadys. all of a sudden those who are selling out everywhere now to cash up will have money to throw at something. all NTL have to do is time some positive announcements and yeeha 👍👍👍
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...
Raised $3.7m. No point asking me those questions. Try figuring out the cap raising goals and progress to date from the announcements. Plenty of room for different interpretations there.
Just a whiff of actual gold out of the mine would send the SP flying...
Yep as I said it, every one has been ridiculously slow on picking up the economic affect CV19 would have, I was a supply chain specialist and a b.com graduate who watch's economic reports in regard to property, on a weekly basis.
It was staring me in the face that this stock market crash was going to happen, but I held on to NTL as I knew Gold would be king.
If the virus is just bad, then NZ property will also take a short confidence tumble, as we enter a mild recession and people get laid off.
But if its really bad and gets into Africa and India where you just cant control it.
Then NZ becomes the only other safe haven besides maybe Iceland, where we are an island in the middle of the ocean, at the bottom of the world, we are the only first world city (Auckland) that is safe and CV can be controlled, we have an open health system unlike the US so they are stuffed.
As I have always predicted, we have water (well usually) and food, NZ property will boom...………
Oh sorry, I got carried away.
Yep NTL will take a short hammer like all the other stocks on the exchange, but when the panic is over, stage 1 is complete, and the money will flow into the safe haven stocks that have been identified, ie. this one.
Gold and Funeral Homes
Any whiff of gold conversion is icing on the cake really
IF CV continues to smash the stock market for the next 3-6months I'll be happy.
IMO - NTL will continue to hold steady then we'll likely have a sell down in June - July with bonus shares issued (I will be ready)
From there all they need to do is, be very close to producing or have started producing (both likely situations) a bit of Gold and boom your on a Bow Wave riding the market up....
New Zealand could become a "lifeboat to save humanity from extinction"
https://www.stuff.co.nz/national/health/coronavirus/120234749/travel-ban-two-weeks-ago-i-would-have-laughed-at-you
Looks like the unhappy shareholders are revolting, lol. An NTL Shareholder Survey has been launched here....
https://docs.google.com/forms/d/e/1F...cLCig/viewform
I signed up.
Not revolting, just don't see what Mathew Hill is on 400k each year for a mine that is not producing any income.
It should be 100k till the mine starts producing gold.
To put it in perspective, the CEO of Air NZ is on $1.4 million - after he took a $250k cut.
That just over 3 x Matts salary for running Air NZ! You can't tell me that thats fair...
From the last quarterly (Dec 2019)
The peer review of the updated Mineral Resource estimate as was announced late in 2019 for theTalisman Mine is nearing completion with no material issues identified. The review process has beenvery thorough, and the Company is heartened by the positive outcome.
So it was nearing completion at the end of December. Why has another three months passed? What is taking so long?
From the previous quarterly (Sept 2019)
The technical team have been busily completing the final data update from the data acquired knownas Talisman Deeps. The work once complete will be independently reviewed and a final JORC 2012compliant resource for the Talisman mine will be complete. It is expected to have this technical workcomplete by the end of the financial year.
So the data was nearly finished at the end of September, meaning the peer review has taken at least six months. This seems inordinately slow. I guess it's just around the corner though. Lest we forget, from the same quarterly:
Following completion of the capital raising which was offered to investors at 0.65 cents ($.0065) withshares trading at 0.009 currently shareholders who participated have been well rewarded.
Ugh. Don't hold your breath. I expect there'll be an announcement that blames the virus on their lack of progress....
Seriously why buy this stock when it goes up and down 14% whenever someone hits the panic button. There are more lucrative stocks that you can make money on while management fiddle.
Just buy back in when it looks like they actually are going to mine...
Good to hear someone else has picked up the phone. Matts easy to talk to and has the finger on the pulse.
With all these doomers and gloomers between here and Hot copper its a joke. I have said it a number of times give Matt a call if he doesn't answer he will return your call and have no problem answering any concerns you may have.
Big sell order of 5.5 million odd shares at .7 has disappeared. People smelling the waft of the coffee?
Fundamentals have remained the same for a long time, a gold "prospector" now has good estimated resource (and has done for almost a decade), but transition to a gold producer is a long and expensive road. Get it done!!
Anyone on a $400k salary is going to be pretty good communicator!!!!
Discl. Holding some, hoping for a miracle.
It's not good talking that matters now but action! You remember? Saying you have achieved the milestones you said you would when you said you'd do it... Like in your reports...
On one hand I’m pretty happy this stock has managed to hold between.006 & .007 On the other I was hoping to acquire some more at .005 or .004. While everything else crashes and burns this could be a boomer some good news is due with a clear focus on the plan to production.
Level 4 = no gold production as its non - essential...
No change there then.
I expect many of the business activities will continue off site though, including impacts assessment reviews and continued arrangements of plant purchase and shipping. Maybe even lodging of resource consent application.
Agreed haewai. Am confident Matt and the Board can get everything they need done via desktop. As can the Planners and Lawyers. The current situation will actually free up the time of many consultants which is to NTL's advantage.
NTL has been something of a safehaven stock thus far. Now for the upside to kick in. The market is hungry for good news. NTL is well placed to supply it.
Government can start paying the wages instead of the shareholders :)
The current situation may well be opening a raft of opportunities for NTL, cooperating with others in the wider sector. The infuriating delays are likely to have had a silver lining.
Agreed Jonu
I see a big drop in the number trying to sell at .007
Gold continues to climb in NZD knocking 3k and everyone is calling for it to skyrocket
I was reading through some of the older JORC Mineral Resource Estimates and crunching some numbers at 2.8k
Never thought I'd say it but in todays climate having gold in the ground is a pretty safe place lol.
From a article I was reading: (I believethis is where NZ is getting it's 30b loan please correct me if I am wrong.)
… if the Federal Reserve can print unlimited dollars as ithas now said… why can’t we all just get unlimited free dollars and be rich?
When you get to questions likethis being out in the open is truly when you know the system is broken.
Enter:Gold
As these trillion-dollar measureshave been announced, gold has gone absolutely berserk in historicalfashion.
Now yes this is the US but here in NZ we do not have a lot of options - NTL this is now the time to shine
I'm thinking out loud here but
The Peer review of Mineral Resource Estimate must be due now and IMO the numbers should be good.
Resource consent application for the long term mine must have been submitted by now
We have to have an idea on when Terra Firma will have the processing plant running
Yes, NTL is in a sweet spot if people want exposure to Gold in NZD. The price per oz is soaring in USD and our dollar has tumbled against the USD. Ntl's move from explorer to producer is imminent. It won't be at huge volumes but at these price levels it should make them cashflow positive.
Most other companies on the exchange have let shareholders know what their position is regarding the virus and it's consequences.But nothing from Matt and his merry men.I hope all is well and everyone is safe and well.