I read it as a "let's dance some more before we head for bed darling";)
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I read it as a "let's dance some more before we head for bed darling";)
NTL can wink all she likes at other dance partners but until they look over at her, thinks she's hot and consider her a good investment in time & money...she ain't nuthin' but a wall flower.
I'm a holder hoping that this wall flower doesn't get so desparate that she'll say yes to the first creep that sweet talks her into bed for a one-night stand. Her parents (shareholders) would not be pleased.
I don't understand why each day this week in pre-open there's been a 5000 bid matching the ask price. today again there is 5000 shares bid @ 0.014 = $70... is it likely a seller is buying their own shares to prop the price up, in the hopes that someone else will then come and take our the ask of maybe 100k+ shares @ 0.014?
Tick Tock tick tock
some good progress made in the last quarter, and i like that cash increase! haha
i guess its going to be quiet now on the announcements until the end of Feb...then hopefully it'll be smooth sailing upwards from then on!
With regards to the HOA with Chinese investors for 65% of gold - The announcements says that this is for phase 1 only, so I must assume that NTL have a longer term picture in mind.
I'm thinking that NTL would also want the Chinese investor to spend all the money to clear up the old parts of the mine, improve foundation stability, geological surveying/seismic graphing etc in return for 65% of perhaps maybe 20,000-30,000 ounces of gold or whatever amount of gold they expect to dig up within first year or so (Phase 1?)
IMO what this means is that once phase 1 is complete NTL would no longer be obligated to continue with partnership with Chinese investor, thus allowing Phase 2/3/4 etc to continue by themselves.
They would then be able to dig into the deeper parts of the mine with the cash that they have saved up from the remaining 35% from phase 1.
Or seeing as the investor gets first rights of refusal for future developments they may be offered a proposal that is of a lesser value, or not worth taking up in future.
Perhaps the true value in unlocking NTL's SP lies in extremely high grades in extremely large quantities in the deeper parts of the mine. Deeper areas that are currently still not fully explored and assessed.
This is my conspiracy theory
What are all your thoughts?
From NZResources today, not much extra detail though.
Quote:
Green and red tape being cut by New Talisman
31 January 2014 In its long-awaited quest to get into re-establishing gold mining at the Talisman gold-silver mine at Karangahake, New Talisman Gold Mines Ltd (NZX & ASX: NTL) says it made several advances during the quarter.
Apart from the well publicised signing of an agreement with a Chinese investor group for $NZ10.9 million development money, the company has also signed an access agreement with the Department of Conservation on the Karangahake area and had received resource consents for development from the Hauraki District Council.
Executive director Matthew Hill said that in the December quarter New Talisman had also raised $348,445 before expenses through a share purchase plan, with funds to be applied to bulk sampling and trial mining at Talisman.
As reported earlier the heads of agreement was signed with Hong Kong-linked St Albans Pty Ltd for full funding of phase one development at Talisman, with a management and technical team due on site early in February.
St Albans was investing $10.9 M in return for the right to earn a 65% interest in the physical gold won from the project.
The proposal provides for the investor to set up a separate processing facility to treat the ore and first right of refusal on future joint ventures with NTL.
Unlisted subsidiary Coromandel Gold Ltd holds the Golden Valley gold project, also in the Hauraki Goldfield, for which there is a drilling programme under review once targets have been verified.
The 21.7% owned Broken Hill Prospecting Ltd (ASX: BPL) is advancing studies on establishing a sulphuric acid industry with pyrite concentrate from its cobalt-rich deposits in the Broken Hill region of New South Wales.