NTL - New Talisman Mine - New board & Directors

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Originally Posted by Dej

:mellow: am I missing something...

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havent you made your bed yet.:)

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Originally Posted by majorbarejet

havent you made your bed yet.:)

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:cool: ooooooooooooooooooooooooooh!

this just in reading announcement now.......these guys have been beavers........
Talisman Mine Maiden Ore Reserve Statement
-28,800 Oz Gold and 127,800 Oz Silver Ore Reserve for start-up phase of the mine development underpinned by Pre-feasibility Study

- Analysis of Pre-Feasibility Study Conducted by International Consultancy
Metallurgical Testwork and sampling

-Recovery of visible physical gold and silver from metallurgical samples using nonchemical extraction equipment recently purchase

-Recent samples of Talisman ore tested by SGS showed up to 453g/t gold which was processed.

Pshaw thats only 40 million. how about that eh moosie. We await further developments:):):):):)

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Originally Posted by moosie_900

dear lord that is an absolutely massive g/t reading!!!

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Better get in fast in the am moosie IMHO

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Originally Posted by moosie_900

craziness. where is this announcement? not showing up on my DB account...

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Go to the Talisman site
It was on ASX then went off - never showed up on NZX
Maybe its not supposed to be out until tomorrow. Dont forget they already had one announcement today

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Originally Posted by moosie_900

never mind I found it. I think we still have awhile to wait before NTL starts jumping. in normal times this announcement would be a catalyst for a big rise, but I have the feeling the market is, yet ahain, going to pass this by. not until we start producing and the money starts flowing will others realise. those are some pretty massive numbers though! goid on the team for their hard work and have some great news to take to the AGM!

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Where I will be - all going well. Cheers Moosie

Yeah thanks Bullish

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Originally Posted by moosie_900

lmao stupid "smart" phone!

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Bit of technology overload is it, Moosie?

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Originally Posted by Minerbarejet

Go to the Talisman site
It was on ASX then went off - never showed up on NZX
Maybe its not supposed to be out until tomorrow. Dont forget they already had one announcement today

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yeah was on asx

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Originally Posted by bullish

yeah was on asx

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yes cant figure that out as to why it would be posted at 3.40 or so on the ASX, make a brief cameo appearance and disappear to be replaced with meeting stuff that was there originally.Oh well all good news anyway-watch this space today- maybe

buyers piling in -somebody has lit the fuse:):)
sellers pulling out

Watching.....watching....:t_up:

:eek2:Wow! Now let's see how the day ends and whether NTL gets a bigger profile.

bit of support in oz with a big gap in the sellers

Up 50% already. Free cave brewed pilsner for everyone I guess.

1.8 cents is dirt cheap for this junior if you are in for the long haul as it will get some major traction when extraction gets under way. Not to sure how long it will take though, so whats the bet this time next week it will be back around 1.2 cents.Good to see some positive action all the same.

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Originally Posted by GRIFFIN

1.8 cents is dirt cheap for this junior if you are in for the long haul as it will get some major traction when extraction gets under way. Not to sure how long it will take though, so whats the bet this time next week it will be back around 1.2 cents.Good to see some positive action all the same.

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LOL another backhanded compliment from the bitter man himself.

C'mon when are you actually going to give these guys a clap instead of a slap. Long haul.... your judgement of time differs from mine as they set out their timeline and appear to be rocking on. It seems it has been all action for a year.

While GEL loses its way and stops all mining and reverses back to explorer, others worldwide have delisted shut down and otherwise sat on shareholders funds. The NTL managment have progressed in such a market. My view is those who can progress like this in a difficult headwind will benefit greatly for shareholders.

Go for gold boys

JUST OUT ON ASX

WOOHOO!!!. AM I READING THIS RIGHT?????? 1 cent!!!!

New Talisman Gold Mines Limited is pleased to announce that it is giving shareholders theopportunity to participate in the company’s capital raising program in the form of a Share Purchase
Plan (SPP).
The SPP will provide shareholders resident in New Zealand or Australia (eligible shareholders) on
4 September 2013 (the record date) the opportunity to subscribe for shares up to NZ$15,000, or
Australian $12,600 in total or in lots of NZ$1,000 or Australian $900.
New Talisman has decided that the SPP is not able to be made to shareholders who are resident
in other countries so as to avoid breaching laws in the relevant jurisdictions. New Talisman, in
making this decision, has taken into account the small number of overseas shareholdings within
holders not resident in New Zealand or Australia.
The issue price will be NZ 1.0 cent or AU 0.86 cent.
The issue price has been calculated by taking the volume weighted average price of New Talisman
shares traded on the NZX Main Board over the 5 trading days prior to the offer date and discounting
this price by 9%. The Australian dollar equivalent has been calculated by converting the NZ dollar
issue price to Australian currency using the Westpac bank exchange rate applicable at close of
business on 4 September 2013 which is 0.8578.
Funds raised from the SPP will be used to initiate underground bulk sampling and evaluation at
New Talisman Mine in Karangahake (including mining and processing options, safety and
environmental requirements and relevant consents) and for working capital.
The SPP documents will be mailed to shareholders on 10 September 2013.

They should have released that this morning before the market opened. I would be a little disappointed if I'd picked up some shares at today's prices. Luckily my buy order wasn't taken up this morning.

wake me when it gets to 10 cents

Its almost back where it started. Disappointing really.

Yeap, disappointed I am indeed. Been meaning to buy in for a couple months now, finally have some spare $s and I end up cannon fodder for this morning.. Ah well, I guess you could say I'm getting an education haha.

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Originally Posted by VinPetrol

Yeap, disappointed I am indeed. Been meaning to buy in for a couple months now, finally have some spare $s and I end up cannon fodder for this morning.. Ah well, I guess you could say I'm getting an education haha.

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Don't feel bad. I got similarly excited a few months ago and got a clump at .025. Not a big investment but annoying. I would like some more though. Something about owning a gold mine....

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Originally Posted by hilskin

They should have released that this morning before the market opened. I would be a little disappointed if I'd picked up some shares at today's prices. Luckily my buy order wasn't taken up this morning.

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Didn't NTL say they didn't need to do a further capital raising because they were going to raise money via their test ore?

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Originally Posted by robbo24

Didn't NTL say they didn't need to do a further capital raising because they were going to raise money via their test ore?

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Oh wait, nevermind. Foolish me for not reading pages 7 & 17 of the Annual Report (https://www.nzx.com/files/attachments/177255.pdf):

19. GOING CONCERN
The financial report has been prepared on a going concern basis. The company raised A$543,510 less expenses since balance date and is planning further capital raising. The directors expect to hold sufficient funds to ensure that financial obligations can continue to be met for longer than 12 months.

Although this is kind of inconsistent with page 3 of the same report:

Pre-Feasibility Study
The Pre-Feasibility Study was completed in March 2013. It analysed a range of options centred on the concept of a small scale operation with low capital requirements that would generate, over time, the funds required to explore and open up future mining areas. The operation would focus on the high confidence resources, immediately adjacent to the accessible 8 level drive, delineated during the 2005 exploration program and create the infrastructure necessary to support further exploration activity.

Wish I had sold at 1.8c this morning now...

I continue to chuckle when I read I hope they dont dilute us. How do you think mining will get funded??

When SPP or any other issues are announced

Shareprice drops
Fund are raised
Funds applied
Mining begins
Major buys us all beers and sails off in his new superboat or decks out his cave.........

Dilution only matters where holders dont participate or the money gets wasted. For what has been achieved in 12 months I am confident they will bring it home.

Lets see what SPP doc says. Ill be taking up all I can thats for sure.

At 1 cent this is a cheap entry to a high grade small producer which at those grades beats anything else out there in NZ.

Major did you get your mine visit organised? Let me know as I would be keen to get a look in.

Moosie you mentioned previously that you dont like SPP's at market price well these guys did it at a huge discount to todays trading here and in Aus and a big discount to 30 day vwap. Its a gift in my view.

DYOR
Holding NTL, NTLO, NTLOA

no reply from Ntl sofar - I'd wager they have been a bit busy after the last few days so if I dont get an answer before the meeting I'll have a chat there about it. Will keep you posted.:)

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Originally Posted by Toasty

Don't feel bad. I got similarly excited a few months ago and got a clump at .025. Not a big investment but annoying. I would like some more though. Something about owning a gold mine....

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Cheers for that. I needed a little perspective, definitely not the end of the world!

just got to me a little bit that if I had pulled trigger yesterday or held off until this afternoon I'd be in a better position either way!

Bit ticked about the announcement being in the middle of the next day after the record date though
:\ I don't even get the chance to average down my position in the spp.

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Originally Posted by VinPetrol

:\ I don't even get the chance to average down my position in the spp.

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Not quite true. ASB is showing only one buyer at 0.007 at the moment! So you will likely get your chance to average down this way.

Excellent choice of name by the way. Good laugh.

Disc: Hold NTL. Have done since they were spectrum resources and I was knee high to a grasshopper!

I guess VanDiesel is cheaper than Vinpetrol,

lol, good name:)
And welcome to sharetrader, Ntl and have fun

Jesus, missed some stuff yesterday it seems! Unfortunately I'm not going to be home in time to be able to take part in the share purchase plan... :t_down:

Is it possible to complete electronically?

Article in this morning's stuff

http://www.stuff.co.nz/business/indu...-inappropriate

I like this bit in particular:

But Green Party mining spokeswoman Catherine Delahunty said Talisman, formerly Heritage Gold, "have been hanging round the Coromandel for many years and have never really done a hell of a lot".

Don't get your hopes up people. As Moosie says.. its a looooonnnnngggg term thing :)

there will still be gold in the hills long after the greens are gone which wont be much longer the way things are going.
You could say Ms whatzername has been hanging around NZ for many years without doing a hell of a lot. I might be in a cave but I will not be wearing sandals, sackcloth because of some bunch of halfbaked halfwits determined to get up everybodys noses for their own self glorification.And all done under the pretense of assisting the planet.
Must be friday:)

At least we have a better idea on the timeline to serious mining. If talks with Newmont Waihi work out, this will be a huge boost to the company, because the amount of capital involved should be quite small, and the distance to Waihi is quite short. Even to get to the bulk sampling stage will require the mine to be opened up, the extraction equipment and some initial processing gear to be installed. So when we hear about equipment being designed or purchased, we'll know it's all on. I think the greens will have some difficulty stopping a small operation in a previous mine, in the middle of mining country.

Indeed Moosie. The uncertainty around the resource consent is the only thing stopping me getting in...
You'd think it a given...as ElZ points out we are in the middle of mining country and the area has been mined in the past for decades...
But the bureaucratic nonsense and red tape that has emerged the last decade or so makes me think twice...especially now that this area is very popular with hikers/day walkers and is in fact a rather pleasant and well used area..NTL will have to get the application right and prove there will be no or minimal affect on the current environment...
I wish them well, but I sense this might drag on....perhaps there is a rare beetle that might get disturbed....

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Originally Posted by blackcap

Article in this morning's stuff

http://www.stuff.co.nz/business/indu...-inappropriate

I like this bit in particular:

But Green Party mining spokeswoman Catherine Delahunty said Talisman, formerly Heritage Gold, "have been hanging round the Coromandel for many years and have never really done a hell of a lot".

Don't get your hopes up people. As Moosie says.. its a looooonnnnngggg term thing :)

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Yeah your sooooo right blackcap....NOT

Pretty well done sweet f all in the last 12 months

• Scoping study
• Pre feasibility study
• Mine upgrade
• Started Feasibility study
• 2 sampling programs showing amazing grades one like 1% gold
• 2 placements and a rights issue at 1.1C AUD and even after dilution stayed thereabouts raising 2+M underwritten by Cannacord each time only dropping today to meet SPP price which is as moosie pointed out what SPPs do.
• Set up seperate exploration co for their northland asset and others
• Attracted key managment team
• Invested in African gold project they still have loan and equity in for upside
• Had Prefeas independently reviewed by Hatch Goba
• Put out the maiden reserve
• Purchased equipment to do flotation testwork
• Completed the required work to put an SPP together at a generous discount.

......in a market which has been easy for all miners just look at GEL.

Come on NTL get a wriggle on and stop being lazy.....lol

I have been following this company since 1999 and in that time they have done zilch as far as I am concerned. Plenty of rhetoric. Why would now be any different?

I guess the SP says it all really.

Their jobs are writing few bullish reports per year, and let shareholders and investors throw money to keep those directors camping and hiking lifestyle .

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Originally Posted by moosie_900

did you just read the summary by bullish or not there blackcap???

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I did Moosie, but I remain skeptical. I have heard it before ad-nauseam. That summary does not impress me at all. Master98 may be onto something there. Just look at the 15 year chart. That is all I need to know.

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Originally Posted by blackcap

I did Moosie, but I remain skeptical. I have heard it before ad-nauseam. That summary does not impress me at all. Master98 may be onto something there. Just look at the 15 year chart. That is all I need to know.

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Really???? ad-nauseam. Maiden Reserve has a meaning...as does PFS etc ...lmfao

Im sure your chart shows where you've been. The PFS and work delivered by NTL this year shows where they are aiming to head.

DYOR

Cheers Bullish,

I have done my own research and am not yet interested. I will be once NTL do something tangible. There are many more exciting places to be. I would rather buy on the way up at say 2.5 cents (or even more) once NTL have done something and show some intent not with words but with deeds. I got out of here a long time ago and am thankful I did. But good luck to them and you, I really hope it works out. Maiden reserve and PFS... please explain what do they actually mean? Plenty of greenies in that area of the country to stop NTL for years if they so wished. Not for me at this point thank you.

The newer NZPAM permit maps show NTL's Golden Valley permit is quite large, EP40-736 has another 2 years to run, and there will need to be some drilling done. It's just to the east of Waihi, and GEL's WKP permit is shown in the top of the same map.

http://data.nzpam.govt.nz/PermitWebM...p?permit=40736

And it's still there in the Talisman mine.

http://www.contrafedpublishing.co.nz...rs+vision.html

Sorry guys/ guyesses no word from ntl on a mine visit as yet. We await developments.

Gents

Looks like if SPP gets done we are on!!!


New Talisman chairman outlines project plans
11 September 2013
A letter sent by Murray McKee, chairman of New Talisman Gold Mines Ltd (NZX & ASX: NTL) has explained to shareholders the reason behind a share purchase plan (SPP) announced last week.
He said the company’s progress in recent months have included an access road to the Talisman mine site at historic Karangahake near Waihi, and completed a pre-feasibility study on mining.
“We have also advanced negotiations with the regulatory agencies on the terms and conditions of the resource consents necessary to operate the mine and the provisions of the land access arrangements.
“We expect to be in a position to announce the final terms and conditions shortly,” he added.
Under the SPP, shareholders can take up shares to the value of $NZ15,000 (or $A12,600) each. The issue price of the SPP has been set at NZ 1 cent per share, or A0.86 cent for Australian shareholders.
McKee said funds raised from the SPP will be used to:
Iinitiate underground bulk sampling and evaluation at New Talisman, including mining and processing options.
Safety and environmental requirements and relevant consents.
To fund working capital requirements.
The historic mine previously produced a total of 1 million ounces of gold and 3 M oz of silver.
McKee said the first phase of mining would establish a low-impact, small scale operation extracting the high grade ore adjacent to the mine’s accessible 8 Level drives.
This would generate cash flow, to support further exploration activities for additional ore resources to support future mine expansion.
A mine plan which takes advantage of the flexibility provided by independent resource blocks and offers resilience in the event of ongoing price volatility
The target would be to achieve annual gold output of 12,115 oz Au and 36,000 oz Ag within four years
Studies have indicate mine production costs of $US588/oz gold and total cost, inclusive of capital requirements, of US$1,075/oz – “well below current prices.”
He said a capital requirement of NZ$1.5 M initially - based on current information - is expected to be sufficient to become self-funding. A total of $NZ5.4 M phased over 3 years could take advantage of internally generated cashflow.
The chairman said based on the output from the pre-feasibility study, this phase was expected to deliver more than $NZ50 M in revenue and a cash surplus exceeding $NZ20 M over 5 years.

I have received the SPP offer documents. Note to management, it was raining inside my letterbox , it would have been better sealed in plastic.

We are each invited to cough up a maximum of $15,000 for some new shares at 1c. Is this a good deal? Note that only 100 shareholders deciding to take up the full offer will meet the $1.5mill needed to be self funding in gold recovery from then on, if everything goes to plan.

The grade of the ore that will be pulled out will average 12 g/tonne. If they mean that there will be little waste ore, this makes a lot more sense than the GEL operation at Drybread, something that I have to admit up front, cost me plenty.

At Drybread, where they also used mechanical methods to concentrate the gold, the grade was more like 0.4g/m3, or 0.2 g/tonne. They had to dig several metres down to find the 0.5mtr wash layer. It became an exercise in futility with small-scale gear and some untrained staff.

NTL thus has a huge advantage. They can follow the veins, leave all the rubbish metal underground, so they only need to use skilled operators with small-scale equipment, and link up with Newmont, who as a large gold producer looking to extract some more cashflow in the meantime, must be the party they are talking to.

They will be pulling out 650 tonnes a month of ore, at 12g/tonne it's 250oz of gold a month, over $400,000 p.m or $5mill a year. At a polite 40hr week, the extraction is about 3.6 tonne an hour, or 1.5 m3 an hour. This doesn't seem too daunting. They'll need to transport about 30 tonnes a day to Waihi. Also not too hard. One truckie, one on a digger part-time, two inside the mine? They might be first concentrating the ore at the mine itself, in which case my figures would be wrong. A lot less transport costs, but more equipment costs. With high grades I'm not sure why they would bother. Unless they need to feed the material in well up the chain at Newmont's mill.

I will be tempted to free up $15,000 to check the investment out. New Talisman might be hoping the slide in the gold price doesn't continue, because at the moment I can buy shares on market for about the same price as the offer. This won't help their coffers. But there is no future incentive with the offer (like a fixed price warrant with an expiry date of 2 years or so). The closing date is just 25-26th Sept. There is helpfully a direct credit bank account number, ready for the funds.

If it was my bank account waiting for a topup, I'd be putting out some good news quite soon.

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Originally Posted by elZorro

I have received the SPP offer documents. Note to management, it was raining inside my letterbox , it would have been better sealed in plastic.

We are each invited to cough up a maximum of $15,000 for some new shares at 1c. Is this a good deal? Note that only 100 shareholders deciding to take up the full offer will meet the $1.5mill needed to be self funding in gold recovery from then on, if everything goes to plan.

The grade of the ore that will be pulled out will average 12 g/tonne. If they mean that there will be little waste ore, this makes a lot more sense than the GEL operation at Drybread, something that I have to admit up front, cost me plenty.

At Drybread, where they also used mechanical methods to concentrate the gold, the grade was more like 0.4g/m3, or 0.2 g/tonne. They had to dig several metres down to find the 0.5mtr wash layer. It became an exercise in futility with small-scale gear and some untrained staff.

NTL thus has a huge advantage. They can follow the veins, leave all the rubbish metal underground, so they only need to use skilled operators with small-scale equipment, and link up with Newmont, who as a large gold producer looking to extract some more cashflow in the meantime, must be the party they are talking to.

They will be pulling out 650 tonnes a month of ore, at 12g/tonne it's 250oz of gold a month, over $400,000 p.m or $5mill a year. At a polite 40hr week, the extraction is about 3.6 tonne an hour, or 1.5 m3 an hour. This doesn't seem too daunting. They'll need to transport about 30 tonnes a day to Waihi. Also not too hard. One truckie, one on a digger part-time, two inside the mine? They might be first concentrating the ore at the mine itself, in which case my figures would be wrong. A lot less transport costs, but more equipment costs. With high grades I'm not sure why they would bother. Unless they need to feed the material in well up the chain at Newmont's mill.

I will be tempted to free up $15,000 to check the investment out.

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Thanks for your cals el Zorro. I too lost in GEL but it was risk capital and I came in at 11 cents just after the last cash raising in Canada at 16 cents Canadian. I thought I was safe, in fact when I put in the bid I did not expect to get the order. Still that company is now mostly forgotten now and maybe you should as well.
Back to NTL. Yes it looks very different and for me just down the road. We often walk or bike those trails. Just received my offer today and with a quick glance will likely be in for the lot--but just a bid early for now to say.
Cheers and hope you make some money on next venture.

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Originally Posted by digger

Thanks for your cals el Zorro. I too lost in GEL but it was risk capital and I came in at 11 cents just after the last cash raising in Canada at 16 cents Canadian. I thought I was safe, in fact when I put in the bid I did not expect to get the order. Still that company is now mostly forgotten now and maybe you should as well.
Back to NTL. Yes it looks very different and for me just down the road. We often walk or bike those trails. Just received my offer today and with a quick glance will likely be in for the lot--but just a bid early for now to say.
Cheers and hope you make some money on next venture.

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Cheers for the comments Digger. GEL was certainly an experience. It was amazing/criminal/shocking/expletive how badly informed the market was about that operation in the last few months. We still have no idea what Newmont really think of WKP, which is why I'm watching their (now very small) MCap with interest. The company is ripe for the taking, probably by Geoff Loudon.

Based on a conservative gold price of US$1200/oz, the cumulative cashflow at Talisman should never get worse than $1.5mill negative (9 months in), and within 24 months will be at plus $2.5mill. This means that all the capital equipment for the sampling operation will be paid off too, I assume. That's significant for a company like NTL. GEL couldn't do it, but I think NTL will. Gold might even ramp up from here, and they could find some new hot-spots like BM37. It has to be better than sitting back and looking at the idea.

Thanks for the advice on the options Moosie, I didn't figure that one out. Lightly traded, but valid for share purchases at 2c until well into 2017, that's kinda tempting if one hopes that gold sales will provide the bulk of the funding down the track.

Anyone else going to the AGM on thursday? Is there parking around that area?
See you there
cheers:)

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Originally Posted by elZorro

I have received the SPP offer documents. Note to management, it was raining inside my letterbox , it would have been better sealed in plastic.

We are each invited to cough up a maximum of $15,000 for some new shares at 1c. Is this a good deal? Note that only 100 shareholders deciding to take up the full offer will meet the $1.5mill needed to be self funding in gold recovery from then on, if everything goes to plan.

The grade of the ore that will be pulled out will average 12 g/tonne. If they mean that there will be little waste ore, this makes a lot more sense than the GEL operation at Drybread, something that I have to admit up front, cost me plenty.

At Drybread, where they also used mechanical methods to concentrate the gold, the grade was more like 0.4g/m3, or 0.2 g/tonne. They had to dig several metres down to find the 0.5mtr wash layer. It became an exercise in futility with small-scale gear and some untrained staff.

NTL thus has a huge advantage. They can follow the veins, leave all the rubbish metal underground, so they only need to use skilled operators with small-scale equipment, and link up with Newmont, who as a large gold producer looking to extract some more cashflow in the meantime, must be the party they are talking to.

They will be pulling out 650 tonnes a month of ore, at 12g/tonne it's 250oz of gold a month, over $400,000 p.m or $5mill a year. At a polite 40hr week, the extraction is about 3.6 tonne an hour, or 1.5 m3 an hour. This doesn't seem too daunting. They'll need to transport about 30 tonnes a day to Waihi. Also not too hard. One truckie, one on a digger part-time, two inside the mine? They might be first concentrating the ore at the mine itself, in which case my figures would be wrong. A lot less transport costs, but more equipment costs. With high grades I'm not sure why they would bother. Unless they need to feed the material in well up the chain at Newmont's mill.

I will be tempted to free up $15,000 to check the investment out. New Talisman might be hoping the slide in the gold price doesn't continue, because at the moment I can buy shares on market for about the same price as the offer. This won't help their coffers. But there is no future incentive with the offer (like a fixed price warrant with an expiry date of 2 years or so). The closing date is just 25-26th Sept. There is helpfully a direct credit bank account number, ready for the funds.

If it was my bank account waiting for a topup, I'd be putting out some good news quite soon.

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Agree El Z

While I understand that some here were a little disappointed at the release of in my view great news just prior to SPP those sexy fun loving major superyacht buying grades were really uplifting and show something..... As the moose pointed out SPP pricing is a target following release. In my view based only on their last 3 or 4 raisings where even with market at 1.1c Aus they put it away and we got none of it. Surely that was during a higher risk stage ie pre PFS. I find this to be a generous offer to shareholders. These guys seem good at getting placements away and at 1 cent NZ for which the price dropped from 1.7 or 1.8 back to 1 it doesnt take much for this little goer to rock n roll.

In a climate where others you mention are effectively a shell and a second board shell at that, these guys made a high risk call to drive forward in a very very hard market. each needs to make their own call but in looing at how these guys communicate they only do so factually. Anyone else going to the AGM. Im keen to meet the Exec and mining guy they have chnaged what this company was. Recent media sounded positive in miningnew etc.

Good luck getting the options at one stage they were trading at 1.7cents NZ in parity with share price.......long term but good levergae if you can get em.

What does every one else think now they have the SPP documentation?. For what I have recieved over the years it was a good read.

I cant find anywhere else these grades for this price.....it aint big but its just the start dont forget they have Rahu, Golden Valley, Northland etc.......if they get this away im looking forward to free tui's from Major for life or mossie who already is about to have to make a takeover with his holding.

If its all so great why is the SP at an all time low of .9? To me that says that the investing public are still very skeptical about this company and their rhetoric. They are waiting for action rather than words I think.

Is anyone on here trying to pick up more at 0.9? Seems like it could be a steal compared to spp of 1.0

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Originally Posted by blackcap

If its all so great why is the SP at an all time low of .9? To me that says that the investing public are still very skeptical about this company and their rhetoric. They are waiting for action rather than words I think.

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Perhaps the company is a bit conservative with their actions, sometimes that's a good thing. Word on the street is that New Talisman is waiting for the funds to turn up in the coffers before they talk more seriously with suppliers of goods and services later in 2013. So the NTL board are waiting for action from shareholders, they want to see how committed they are. Shareholders will be thinking about dilution. The big plus with this particular mining operation is the grades involved.

Grade is king. One block of the ore that is marked for initial extraction (along with three others to make up an average grade of 12 g/tonne) is a cubic volume of about 25m x 25m x 25m (23,000 tonne). The grade is shown as 38.3g/tonne, and at say NZ$1500/oz, that is over $40mill of gold. So the only issue is - how hard will it be to extract that ore from the mine tunnels. Even if the price of gold drops a bit, that initial cashflow is what the company needs for future expansion, and to minimise dilution for shareholders.

As am I moosie! As am I...

I think MajorMiner may have some plans too!

Earlier this year I mentioned a get together once mining commences, offer still stands!

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Originally Posted by moosie_900

looking to buy anything below 1 cent. will be making a takeover attempt late 2014 once mining commences ;)

the market is ignoring NTL as it has been listed for so long that it makes FBU and TEL look young! now that things are really getting going, the market maintains its skepticism and the smart money buys in. it is in this climate that 5, 10, 20 baggers are made. I am hoping to buy my first apartment/house based on NTL winnings if all goes right :)

---

I do not disagree with your sentiments there Moosie. 5,10,20 baggers are made on things like that. But why are you so convinced that NTL is going to be the one. Does their track history not worry you one bit?

as at 15:17:29, Tuesday 17 September, 2013 (NZT)
MINE: NTL: Talisman First Gold Recovery
NTL
17/09/2013 15:17
MINE

REL: 1517 HRS New Talisman Gold Mines Limited

MINE: NTL: Talisman First Gold Recovery

17 September 2013
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
FOR IMMEDIATE RELEASE

- FIRST GOLD RECOVERED FROM METALLURGICAL SAMPLES
- HIGH GRADE ORE ALLOWS FOR NON CHEMICAL RECOVERY METHODS

New Talisman Gold Mines Limited ("NTL"), today announces the first recovery
of gold from its Talisman gold mine as part of its metallurgical sampling as
a precursor to bulk sampling ramp up and test work. This was recovered
utilising state of the art non chemical extraction methods.
Talisman is an important gold resource for New Zealand and was in the past a
prolific gold producer and employer having produced 1 m oz of gold
historically, in a gold region which has produced over 8m oz of gold.
GOLD RECOVERED FROM METALLURGICAL SAMPLING
Metallurgical test work investigated a suitable floatation and gravity
recovery method of extracting gold from ore samples. The company tested 146
kg of very finely ground ore and has produced approximately 3 ounces of gold
and silver. Further concentrates will be used for more test work to evaluate
the most effective recovery rates.
Sample Collection
Hand selected samples were collected from the Talisman stockpile in bags of
approximately 8kg each. Samples were classified into rock types and an
example of each type retained for identification purposes. Samples were then
processed at the SGS Waihi laboratory being crushed and pulverised before
passing through a 50 micron screen (approximately the same grain size as
cement). The pulverised product was then thoroughly mixed and a
representative sample taken for assay purposes.
Lower grade samples were discarded as the equipment is not sensitive enough
to record micro gram recovery levels. The assay results of the samples
selected for processing are tabulated below and a photographic record of
examples of those samples is shown in the table - see pdf attached.

Primary Concentrating

This testwork relied heavily on wet gravity separation to remove the clay and
other light minerals from the heavier electrum and sulphide minerals. It was
found to be important to pass as clean a concentrate as possible through the
final concentrator as the equipment relies on recirculating water and excess
clay was kept in suspension causing cloudy water to be passed back through
the separator bowl.
In order to float out the clay approximately 2.5kg at a time of the sample
was added to a bucket along with 3 litres of water and a small amount of
surfactant to break surface tension and prevent fine gold particles being
washed away. The mixture was stirred thoroughly to move the clay into
suspension and then allowed to settle for a minute. Approximately 2/3rd of
the liquid was then decanted and the process repeated until rapid settling
was attained. It was found that, on average and dependant on the grade of the
sample, a 7kg sample could be concentrated to approximately 160g of material
which was then passed through the final concentrator.

Matthew Hill, Executive Director, said "whilst this is a small amount of
gold, in the larger scheme of things it is key to demonstrating our fuller
understanding of the effectiveness of our extraction method options. Without
unnecessary expenditure and use of chemicals, we have identified a number of
manufacturers to scale up the treatment options allowing for concentration
and extraction, prior to any toll treatment driving early revenues to the
company."
ABOVE: THE GOLD LAB UTILISING GRAVITY AND FLOTATION - resulting gold
recovered
"These are the first ounces recovered from the Talisman ore since New
Talisman owned the permit and show the huge strides the company has made its
final steps toward bulk sampling for which final approvals are underway. We
have found nothing but support from shareholders and the wider community."
Following initial test work we expect to be able to recover up to 30 oz gold
per month using existing samples, while initiating precursor work toward bulk
sampling.

Matthew Hill
Executive Director
New Talisman Gold Mines Limited
+64 9 303 1893

Quote:

---

Originally Posted by hilskin

as at 15:17:29, Tuesday 17 September, 2013 (NZT)
MINE: NTL: Talisman First Gold Recovery
NTL
17/09/2013 15:17
MINE

REL: 1517 HRS New Talisman Gold Mines Limited

MINE: NTL: Talisman First Gold Recovery

17 September 2013
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
FOR IMMEDIATE RELEASE

- FIRST GOLD RECOVERED FROM METALLURGICAL SAMPLES
- HIGH GRADE ORE ALLOWS FOR NON CHEMICAL RECOVERY METHODS

New Talisman Gold Mines Limited ("NTL"), today announces the first recovery
of gold from its Talisman gold mine as part of its metallurgical sampling as
a precursor to bulk sampling ramp up and test work. This was recovered
utilising state of the art non chemical extraction methods.
Talisman is an important gold resource for New Zealand and was in the past a
prolific gold producer and employer having produced 1 m oz of gold
historically, in a gold region which has produced over 8m oz of gold.
GOLD RECOVERED FROM METALLURGICAL SAMPLING
Metallurgical test work investigated a suitable floatation and gravity
recovery method of extracting gold from ore samples. The company tested 146
kg of very finely ground ore and has produced approximately 3 ounces of gold
and silver. Further concentrates will be used for more test work to evaluate
the most effective recovery rates.
Sample Collection
Hand selected samples were collected from the Talisman stockpile in bags of
approximately 8kg each. Samples were classified into rock types and an
example of each type retained for identification purposes. Samples were then
processed at the SGS Waihi laboratory being crushed and pulverised before
passing through a 50 micron screen (approximately the same grain size as
cement). The pulverised product was then thoroughly mixed and a
representative sample taken for assay purposes.
Lower grade samples were discarded as the equipment is not sensitive enough
to record micro gram recovery levels. The assay results of the samples
selected for processing are tabulated below and a photographic record of
examples of those samples is shown in the table - see pdf attached.

Primary Concentrating

This testwork relied heavily on wet gravity separation to remove the clay and
other light minerals from the heavier electrum and sulphide minerals. It was
found to be important to pass as clean a concentrate as possible through the
final concentrator as the equipment relies on recirculating water and excess
clay was kept in suspension causing cloudy water to be passed back through
the separator bowl.
In order to float out the clay approximately 2.5kg at a time of the sample
was added to a bucket along with 3 litres of water and a small amount of
surfactant to break surface tension and prevent fine gold particles being
washed away. The mixture was stirred thoroughly to move the clay into
suspension and then allowed to settle for a minute. Approximately 2/3rd of
the liquid was then decanted and the process repeated until rapid settling
was attained. It was found that, on average and dependant on the grade of the
sample, a 7kg sample could be concentrated to approximately 160g of material
which was then passed through the final concentrator.

Matthew Hill, Executive Director, said "whilst this is a small amount of
gold, in the larger scheme of things it is key to demonstrating our fuller
understanding of the effectiveness of our extraction method options. Without
unnecessary expenditure and use of chemicals, we have identified a number of
manufacturers to scale up the treatment options allowing for concentration
and extraction, prior to any toll treatment driving early revenues to the
company."
ABOVE: THE GOLD LAB UTILISING GRAVITY AND FLOTATION - resulting gold
recovered
"These are the first ounces recovered from the Talisman ore since New
Talisman owned the permit and show the huge strides the company has made its
final steps toward bulk sampling for which final approvals are underway. We
have found nothing but support from shareholders and the wider community."
Following initial test work we expect to be able to recover up to 30 oz gold
per month using existing samples, while initiating precursor work toward bulk
sampling.

Matthew Hill
Executive Director
New Talisman Gold Mines Limited
+64 9 303 1893

---

YUPPIE, the first gold that I can recall of my 26 years of investing in this company, maybe just maybe we could see some of it at this years AGM , hmmmmmm !

Quote:

---

Originally Posted by whatsup

YUPPIE, the first gold that I can recall of my 26 years of investing in this company, maybe just maybe we could see some of it at this years AGM , hmmmmmm !

---

All good, this is A1, digger and I are looking forward to the AGM. You should all be there .:)

Quote:

---

Originally Posted by Minerbarejet

All good, this is A1, digger and I are looking forward to the AGM. You should all be there .:)

---

So what's to stop us just going up there and taking a car boot full of these stockpiled gold-rocks and driving off?

Quote:

---

Originally Posted by robbo24

So what's to stop us just going up there and taking a car boot full of these stockpiled gold-rocks and driving off?

---

That is a question I need answering before I buy into the SPP. Even better is What is to stop the management getting together and doing the same thing. Most theft is an inside job. Even if they get caught the fine is a few thousand and they get away with millions. Where is the security is my first question and I certainly am not interested in---You can trust me.

Quote:

---

Originally Posted by digger

That is a question I need answering before I buy into the SPP. Even better is What is to stop the management getting together and doing the same thing. Most theft is an inside job. Even if they get caught the fine is a few thousand and they get away with millions. Where is the security is my first question and I certainly am not interested in---You can trust me.

---

This could be an interesting meeting:)

Meeting is tomorrow

NTL

AGM

19 Sep 2013

11.00am

545 Parnell Road Parnell Auckland

LOL, I was just worried someone might turn up today. Trying to decide if I'll go or not

Quote:

---

Originally Posted by hilskin

LOL, I was just worried someone might turn up today. Trying to decide if I'll go or not

---

hilskin,I am making the effort you and others should to. NTL is at a deciding moment in its very long history,at the cross road if you prefer it said that way. Definitely a deciding AGM. I will go even though I want to see the A cup become the NZ cup once more.
As I mentioned in post 728 I will ask that NTL put the gold security arrangements in writing so that we and the authorities can have some way of tracking what might be going on. Gold has a long history of bring out the worst in people and product security must be made upper most in investers perception.
I am sure the meeting will also bring up other issues. After the meeting I will decide the level of financial commitment I will make towards the SPP.

https://www.nzx.com/files/attachments/181986.pdf

Dear NTL,

I haven't read through the investor presentation yet because I am transfixed by the first page.

This image is corny, unprofessional and should have been omitted from the presentation.

Please adhere to modern standards of sleek, intuitive Powerpoint design.


Regards,

Robbo 24

lol. I saw it and thought oh no and moved on, lol. Yes very corny.

Quote:

---

Originally Posted by robbo24

https://www.nzx.com/files/attachments/181986.pdf

Dear NTL,

I haven't read through the investor presentation yet because I am transfixed by the first page.

This image is corny, unprofessional and should have been omitted from the presentation.

Please adhere to modern standards of sleek, intuitive Powerpoint design.


Regards,

Robbo 24

---

Quote:

---

Originally Posted by robbo24

https://www.nzx.com/files/attachments/181986.pdf

Dear NTL,

I haven't read through the investor presentation yet because I am transfixed by the first page.

This image is corny, unprofessional and should have been omitted from the presentation.

Please adhere to modern standards of sleek, intuitive Powerpoint design.


Regards,

Robbo 24

---

Very badly done, absolutely horrible, I would not invest in them on this alone. :D

I think that the yellow hills in the background are at Sausalito. I used to take the ferry across to there, buy a sandwich and drink at a very nice dellie there and then walk back to SF across the bridge and through the parks.

Best Wishes
Paper Tiger

Why buy in NZ at 1.1 when you can buy these shares in Australia at 1.02c?

Quote:

---

Originally Posted by blackcap

Why buy in NZ at 1.1 when you can buy these shares in Australia at 1.02c?

---

SPP is 1 cent ea.

Also, buying in Aus attracts more brokerage costs if buying in NZ.. For people buying a few hunge it's probably not worth it..

Whats the word on the street, any meeting attendees online yet? Is the SPP a go-er at 1c, or should I except my diltuion?

robbo,crow,tiger,moosie, From your comments I take it that you were not at todays meeting, yes it was a small gathering , some 20-25 s hers , but good questions were asked and answered, a reasonable presentation was presented by the newly appointed Sth African mining engineer who is entheuastic about getting this mine to production over the next 8-12 months money permitting.
From questions asked they will need a minium of $1.5 mil, which should net be too hard as the easiest ore to mine has a content of some 23+gms per toone, a high gold and a low cost extraction process which will enable the company to get to the next level of production around 13 gms/t.
If all goes well the SPP could be a very cheap entry price in 2-3 years time.

Quote:

---

Originally Posted by whatsup

the easiest ore to mine has a content of some 23+gms per toone, a high gold and a low cost extraction process

---

So... .75 ounces per tonne is the easiest to mine part?

I've done some minor Googling on the subject and it strikes me that .3 of an ounce per tonne is purportedly the average in South Africa... Although I also read 2 ounces per tonne in a big mine in Canada...

Too good to be true or are they for reals?


Anyway, no biggie when gold reaches $3500US per ounce in 2 years:

http://www.ibtimes.com/gold-prices-c...nalyst-1401412

Quote:

---

Originally Posted by robbo24

So... .75 ounces per tonne is the easiest to mine part?

I've done some minor Googling on the subject and it strikes me that .3 of an ounce per tonne is purportedly the average in South Africa... Although I also read 2 ounces per tonne in a big mine in Canada...

Too good to be true or are they for reals?


Anyway, no biggie when gold reaches $3500US per ounce in 2 years:

http://www.ibtimes.com/gold-prices-c...nalyst-1401412

---

robbo, are you for real, how much knowledge and mining experience have you, Aust mining cos are happy with 5gms/t with reasonable tonnage. we have a very small mining operation here which with good management could finally come off, sure the gold price has fallen from $1700+ last year but this op could produce gold at $700 / t which in todays mining economics is a very cheap cost.

Quote:

---

Originally Posted by robbo24

So... .75 ounces per tonne is the easiest to mine part?

I've done some minor Googling on the subject and it strikes me that .3 of an ounce per tonne is purportedly the average in South Africa... Although I also read 2 ounces per tonne in a big mine in Canada...

Too good to be true or are they for reals?


Anyway, no biggie when gold reaches $3500US per ounce in 2 years:

http://www.ibtimes.com/gold-prices-c...nalyst-1401412

---

Couple of points


-Africa gold tends to be large volume lower grade its all about the type of deposit. This is like favona than say waihi open pit.
-Bit hard to fudge historical grades which came out of the mine and they prove its still there by reserves.
- recent grades from a stockpile showed up to 1% gold. 1% of 1 ton = 1000 grams per ton.
-further grades sampled showed up to 500g/t that's 16oz per ton.
-some were way lower.
-Jorc reserves are impossible to fudge and a public company gets delisted for such things. Google Ausimm and Jorc code.

High grade narrow vein means they will get high and lower grades depending on ore and mullock mix. This their average reserve grades El z kindly worked out for us.

I heard the meeting was worth going to. They explained why there is flexibility that protects the project from huge gold swings. They will simply move to high grade versus lower grades based on gold prices. Anyone who went got a good update?

Its just a pity they won't take over subscriptions so we are limited in take up. Only moosie with his 53 holdings in 12 jurisdictions gets to benefit preparing for his takeover.

El z and moosie what's your current view on this one. I read the releases seems promising particularly liked the comparison to worlds highest grades.

Major did we get our site visit ?


Bullish

I think NTL will be waiting for the final cashflow into their bank account before contacting goods and services suppliers more positively. The closing date is 26th September, 5pm. That's this Thursday. I guess shareholders all have an option to either sit back and see what happens, or put in a modest amount and see if it comes back out the other side with interest. I will probably invest.

As NTL are proposing to make a bullion sand concentrate near the mine, and getting that toll treated somewhere, they have many options including sea freighting it, like OGC does at Didipio. Obviously it would be preferable to use Newmont Waihi's mill. Apparently Newmont feels a social obligation to assist in projects that put historic gold mining in a good light. They assist an educational facility at Waihi, and toll treat ore for Broken Hills Mine, because of the tourism and education slants those businesses have. The Talisman Mine has a big history, and it might later be a good sideline for NTL to offer guided tours and generally accommodate tourists and locals, as Macraes and Waihi operations do.

Does the reasonable possibility of the Greens getting into power concern you?

Disc small holding

Quote:

---

Originally Posted by nextbigthing

Does the reasonable possibility of the Greens getting into power concern you?

Disc small holding

---

I think a positive, informed attitude will help here: there are probably some good deeds that NTL can do in the area around the Talisman Mine, these won't cost much and will be seen as a balance against a small local flora and fauna impact from resumed mining. There will be other positives, like more jobs in the area.

I hope you're right Moosie. The last poll I saw had the left wing and right wing blocks reasonably close. Too close for my liking. So you feel that even if the greenies get in it will be too late to bother stopping NTL. How far in to the process will NTL be by then?

Political uncertainty is certainly not ideal!

Back home again and catching up. Right, firstly mine visits are quite on the cards as a sheet of paper was put out for those interested to put their names down. There will be some safety issues though and I was under the impression that it wouldnt be an inspection of veins and working areas actually in the mine.
Secondly, it seems there are a lot of people who follow Sharetrader, including some ntl management, who do not post on the threads.
Thirdly the adjustment to directors fees was promoted on the grounds that an additional director may be needed and assurances were given that it was not to increase the incumbents fees.
My understanding of the mine visits was that they will be contacting shareholders re this matter.
Another thing that also came to light was they were looking into a share consolidation at some stage.
General impression - upfront directors that are easy to talk to and all go for the eventual rhubarb season if they can get enough funds together. Its getting close.:)

Quote:

---

Originally Posted by Minerbarejet

Secondly, it seems there are a lot of people who follow Sharetrader, including some ntl management, who do not post on the threads.

---

Hopefully they read my comments about bogan-as-looking powerpoint presentations... Come on NTL, you've got to make NTL appear sexy.

Quote:

---

Originally Posted by robbo24

Hopefully they read my comments about bogan-as-looking powerpoint presentations... Come on NTL, you've got to make NTL appear sexy.

---

Sorry buddy, you can only do that with strip mining:)

If they have a mining permit then by default it lasts for 40 years unless stated otherwise on the permit.

Resource consent to mine will be the hard (and expensive) part. Fortunately, unless a hypothetical commie government wants to tinker with the Resource Management Act it is the local council's decision whether to grant consent or not... And so forth may begin an exciting journey through the Environment Court to the High Court...

Quote:

---

Originally Posted by moosie_900

some other entity would spend a fortune of donations

---

Donations? Heck no, Moosie, the Environmental Legal Assistance Fund will cover it: http://www.mfe.govt.nz/withyou/fundi...applicants.pdf

It's a commie slush fund.

Quote:

---

Originally Posted by robbo24

Donations? Heck no, Moosie, the Environmental Legal Assistance Fund will cover it: http://www.mfe.govt.nz/withyou/fundi...applicants.pdf

It's a commie slush fund.

---

Themaximumavailable is $40,000 plusGST per new application.
The ELA Fund has a total annual budget of $800,000 (exGST).

Harldy earthshattering though isnt it. Not enough to cover one good legal stoush.

Quote:

---

Originally Posted by moosie_900

...... NTL would spend a fortune of shareholder money.....

---

This is what I'm trying to work out/get at. How much trouble could the next government cause if it involved the greens (which in my opinion is a POSSIBILITY). It seems there is some potential for hassle. The decision may be made by the council but that doesn't stop the government getting involved if it feels it has an interest. Sure it's not the same scale but look at CHCH.

Disc; I hold NTL and like the future prospects, just wanting to investigate all possibilities and outcomes.

NBT

Just an idea coming from the AGM - how about a small paper stick on badge with ST on it and online name to be applied by member if desired. In fact why dont we all get badges and we can wear them to whatever
AGM we go to. Anyone in the printing business?

Quote:

---

Originally Posted by Minerbarejet

Just an idea coming from the AGM - how about a small paper stick on badge with ST on it and online name to be applied by member if desired. In fact why dont we all get badges and we can wear them to whatever
AGM we go to. Anyone in the printing business?

---

Good idea. Would look funny to people who didn't know what it was all about.... Why's this guy advertising he's a pyromaniac clown, this other chap thinks he's a moose and this other guy thinks he's the next big thing. Or does he think NTL is the next big thing? Hmmm.

do you mean funny peculiar or funny haha?

Quote:

---

Originally Posted by nextbigthing

Good idea. Would look funny to people who didn't know what it was all about.... Why's this guy advertising he's a pyromaniac clown, this other chap thinks he's a moose and this other guy thinks he's the next big thing. Or does he think NTL is the next big thing? Hmmm.

---

It could upset the greenies when they conclude Digger is simply going to leave piles of dirt ever where.

Quote:

---

Originally Posted by blackcap

Themaximumavailable is $40,000 plusGST per new application.
The ELA Fund has a total annual budget of $800,000 (exGST).

Harldy earthshattering though isnt it. Not enough to cover one good legal stoush.

---

$46,000 is still 150 hours of a decent $300 an hour lawyer's time... And in truth, most of the lawyer's work is done by flipping to the back of an expert witnesses report to the conclusion and writing it into submissions...

Quote:

---

Originally Posted by digger

It could upset the greenies when they conclude Digger is simply going to leave piles of dirt ever where.

---

All you would need would be one of those ute loads of cheap trees, Digger, plant them in the piles and the greenies will be all go. Plant maples, birches and trembling aspens and they would all turn to gold.

Quote:

---

Originally Posted by robbo24

$46,000 is still 150 hours of a decent $300 an hour lawyer's time... And in truth, most of the lawyer's work is done by flipping to the back of an expert witnesses report to the conclusion and writing it into submissions...

---

That could be a delay to proceedings right there....

someone likes ntl in oz - just a few but at .011AUD

$350k raised in the SPP - enough for an upgrade for the next powerpoint presentation - is that 23-25 investors taking full allotment?

Quote:

---

Originally Posted by moosie_900

Hmmm, that's quite concerning...

35,067,437 shares issued.

88 New Zealand shareholders and 17 Australian shareholders joined the Share
Purchase Plan, raising NZ$258,000 and AU$79,700 respectively


that's an average buy price of $3318! :eek2:

---

Im not so sure about that moosie.

Looking at SPP's its about what one would expect % wise in dollar terms anything above 15% is solid. Cant blame anyone but us punters now if they go slow to keep chugging along in the downturn.

Landyman (do you know this stock at all? havnet seen you on the thread ) dont think it will cost that much to change the powerpoint cover to the oracle boat...:)

That is very concerning. With that amount of cash the company probably cannot go forward for much longer and will need to do more capital raising (itself a costly business) to be able to be a going concern. A rights issue at .5 cents anyone?

I hope so for you guys Moose!

Quote:

---

Originally Posted by bullish

Looking at SPP's its about what one would expect % wise in dollar terms anything above 15% is solid.

---

35,000,000 shares at 1 cent equates to all the shares traded for the last 6 or maybe 12 months.

Relative to overall trading, isn't it a half decent result?

"We are in discussions with a number

of institutional investor groups and their representatives to complete a

placement for remaining funds required to initiate bulk sampling and

production of gold from such operations under the terms of our mining

permit"

Thats what Im focusing on, thats all it takes and then theres nothing to worry about.

If NTL Management can negotiate a sizable institutional placement at 1.1c or above then I'll be more relaxed that institutions also see value in investing in this digger.

If what's agreed is at 1c or lower then that would be a bad sign, and I'll be exiting sooner rather than later.

BC

Quote:

---

Originally Posted by Bobcat.

If NTL Management can negotiate a sizable institutional placement at 1.1c or above then I'll be more relaxed that institutions also see value in investing in this digger.

If what's agreed is at 1c or lower then that would be a bad sign, and I'll be exiting sooner rather than later.

BC

---

I think it's possible that larger investors will be offered additional options, in which case they could step up at 1c or more for the initial shares, which would be a good result, since earlier investors don't want to look too short-changed. There isn't much immediate need for a consolidation bigger than 1 for 5, what's important is to get the initial mining capital in within a short time so that suppliers and contractors can get to work. It's a very small amount of cash for the market, about the cost of an ordinary house in Parnell, or so I'm led to believe. Sophisticated investors will be most welcome to contact the head office through a broker, I'm sure.