guessing someone got bored and sold down, which triggered others to do the same thinking they may know more? no idea, that's what i'm thinking though
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guessing someone got bored and sold down, which triggered others to do the same thinking they may know more? no idea, that's what i'm thinking though
im on the edge of my seat waiting for this announcement! "We intend to work closely with our potential partners over the next 30 days"
30th of Jan if business days next friday if just mon-fri or yesterday if just 30 days.
I think management will be keen to take up this offer from the chinese so they can focus their efforts on the other projects in the pipeline (which they will have enough money for after production starts) so giving up 65% of after cost material and no possible dilution for us.
I haven't really heard much about the other projects since holding NTL for the last 9 months really, does anyone have any info on Rahu/Golden Valley/Northland?
Part of me is hoping that the Chinese thing falls over, and then will have a decent sell down, before a new deal is announced. 2014 - SP can only go up after that
I thought I had a cheeky offer in at 1.1 yesterday. It got taken out in half an hour of odd activity. I,ve been in and out of these guys and the previous guise (HGD), but my average is now a hair over 1.1, having got quite a few @ 0.9 a while ago. Sub 1 be buggered! She's at rock bottom now! Why? Because I haven't got any more free cash!:eek2:
Pretty minor news and i'm thinking we won't see any SP movement because of it. Nice to see them with a little more cash in the coffers for 2014 though :)
17th January 2014
FOR IMMEDIATE RELEASE
ANNOUNCEMENT BY NEW TALISMAN GOLD MINES LIMITED (NTL, NTLOA or NTLO)
NEW TALISMAN COMPLETES SALE OF SHARES
- Sale of balance of Armadale Capital PLC (ACP) shares nets NZ$417,927
- Net return on capital invested in February 2013 of 38%
New Talisman Gold Mines announced today it has completed its program to sell down the Armadale Capital PLC (ACP) shares issued following the acquisition by ACP of NTL’s interests in the Mpokoto Gold Project.
Following the acquisition late last year of NTL’s interests in Mpokoto by Armadale Capital PLC, a UK listed entity, NTL received 93 Million ACP shares. NTL has now completed the sale of its shares in ACP netting a total of NZ$417,927. This represents a return on capital invested by NTL in February last year of 38%
Executive Director Matthew Hill said “New Talisman is pleased to have exited this investment on such satisfactory terms. The funds from the sale of the shares in ACP will be applied to the company’s Talisman project which received resource consents for proceeding with the Bulk Sampling phase of the project late last year.”
Matthew Hill
Executive Director
New Talisman Gold Mines Limited
Direct +64 27 5557737
matt@newtalisman.co.nz