Not interested in advancing the on the spot knowledge of the ins & outs of the environment etc that NTL are operating within then ? :)
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So instead of it being a mystery....
How about in the forthcoming capital raise documentation the company decides to provide a line by line itemisation, and forecasted costing, of every single requirement remaining to complete what is being suggested.!
In the alternative if that is unknowable or unforecastable to a degree of certainty then take it private.
30 years of cap raise's based on forecasts, promises, indications, possibles, potentials and aged inferred resources.
Take it private, 2 cents a share will do it.
Come back to market once its up and running and printing money like many of the believers on here passionately protest it will and cap raise for growth capital to expand at that time.
30 years...!! NO GOLD produced and sold!!
I don't know what others think but I'm leaning towards your commentary, conjecture, flippancy and lack of research or reading being unhelpful.
At this important juncture for NTL, I would prefer to see people come together, analyse what has been published and what is known, rather than speculate on ill-informed potential outcomes.
By all means, debate the interpretations, that is the luxury we have here. But be informed before entering the debate, there is no place now for ill-informed conjecture, mis-information, or flippancy, the window for investing decisions is closing and we would all be best to be fully informed enough to have our own views as to whether this is a place to put our money.
It's been a very long time and a lot of $ to get here, it is what the future holds now, not the past. Investors should only be interested in the future, and the risks, and whether that is worth their investment, now.
There's no doubt that there are risks with this venture, as there are with any mineral explorer, but it looks like you haven't actually researched this company or its prospects in any detail? Making statements that are inconsistent and frequently incorrect. As are others, so you are not alone.
Now you're winding up a Director and casting doubt on what has been published, but it's not clear from your statements now or in the past whether you've actually read anything, or any of it in detail.
Have you read the JORC? The assay's? The mine maps? The plan to production? The projections and assumptions? Anything? You seem to have joined the detractors making statements that all too often are quickly rebutted just by having read the announcements. Even your own recent argument shifts around, 1%, then 3%, like have you actually run the numbers yourself?
It's no wonder the Director gets a bit frustrated, but it's not just you, there is a lot of ill-informed off the cuff statements and opinions thrown around here that with just a modicum of reading and research are easily debunked.
This is not X.com soundbites from the ill-informed, this is a discussion group with unlimited space to talk it through. Informed discussion might be welcomed by other members here, whereas soundbites are probably not, especially if they are incorrect.
It should not be other posters or the Director who graciously posts here from time to time, who have to correct all this incorrect conjecture and mis information.
It is also not clear what motivates you or others (once bitten?) to be so skeptical when of all people, with your stated apparent experience, would know how to crunch the info and the numbers and draw an informed opinion, on whether this is investable. You probably do have a lot to contribute to our small community, but you choose to remain uninformed and snipe around the fringes. It's not clear why you continue to do this.
In any event, the CR terms are on the table. History will all be consigned to memory soon and whether or not the company raises the capital to continue their exploration into production remains to be seen.
Will the offer be underwritten, and by whom. It's a big ask when expecting loyal shareholders to top up by 100 percent in the current economic environment.
I don't know if it's underwritten, but I do agree it's optimistic targeting only existing shareholders who have taken a 23+ year hiding on their invested capital. I would have thought an open CR to any new and currently not invested investors might have a better chance of raising capital than achieving a 1:1 with current investors.
Buddy, I warned people off this company around 8 years ago.
The one toz per ton was discussed at length on this forum not long ago and as I said recently who knows what they will produce now as it's not the same underground method of processing the company were claiming to be going to use only a few months ago.
The point is nobody knows and nobody knows a lot of things, herein lies the problem.
I am probably one of the few who have actually made money out of NTL, although admittedly a small return, so no not once bitten.
The last CR was the final CR, ring any bells?
No plant purchae back then mentioned.
Anyhoo double down at your own risk obviously.
If fulfilled the market cap will basically double.
I suspect the 1:1 strategy is based on major shareholders committing and whoever else does, at least they will go in big, I.e double so they are looking for large amounts from those willing to gamble.
The directors get frustrated? Really?
Join the club.
Spruiking is not correcting and Jonu spruiked the hell out of this company for years.
You mention a plan to production. Which one?
It changes regularly.
The last CR had a plan to.
Do you know how much they will mine?
The cost of production?
The grade of the concentrate from the new plant?
The recoveries from the new plant?
The cost of the new plant?
Who will take the concentrate and smelt to dore?
Hopefully the CR document will outline some of these things in detail but there are many questions they simply can't answer.
NTL has made a couple of announcements recently, contingent on "A Successful Capital Raise".
https://api.nzx.com/public/announcem...968-420938.pdf
I have not seen stated anywhere what "Successful" is defined as. To me that's a worry.
Another note, the processing plant they've signed on for is marked to be set up on the offsite location Terra Firma is preparing for NTL. The plant has a 100 tonnes per day capacity.
Wasn't the whole idea to process concentrate underground to avoid bulk materials being transported over the road?
Hmmm, last comment a little marginal although you make some good points elsewhere. Let's see where this goes. I do agree looking beyond current shareholders would have been a good idea. Who knows, perhaps it's gone on behind the scenes.
Punters should feel good about the future ….especially as Jonu probably throwing another $183,000 plus into the kitty
I was expecting to see a refreshed plan, details on what the money will be used for, cost of the plant, when they will produce their first concentrate, what they expect from the plant in regards recoveries and what is the concentrate I.e 60:1 or better perhaps?
And that they have a smelter in place to take the concentrate and convert to dore.
Have I missed a document saying why & what they need the money for?
Last time it was less than 1/3rd this amount to get into production.
Is there another document to come at least covering some of this?
Or is this just a matter of, trust us and double down.
At the risk of spoon feeding those with 15 years experience in these matters....yes there are more documents to come. An actual read of yesterday's exchange announcements makes that clear. It's the way a Rights Issue works.
It looks like we missed out on Toddy's involvement. Good luck with IFT...I doubt you'll need luck, must be getting close to Blue Chip status aren't they?
Have fun in the sand pit folks. I'll try and remain quiet, but maybe folks might have a look back over the last few pages and draw some conclusions about the weight they should place on some of the opinions expressed on here.
John Upperton
NTL Director
Consider that existing and past shareholders have put in $31M over many years for no interim reward to get to a market cap of $6.8M @2c.
Obviously there has been churn in the share registry along the way.
Supposedly NTL is closer than ever to extracting commercial gold.
So it could be said the long and loyal shareholders/risk takers get precedent now, rather than Johnny come lately carpet baggers diluting out those who have endured thus far.
Whether they all rise to the occasion remains to be seen.