Hill is a tool - pity it wasnt of the pick axe variety.
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Hill is a tool - pity it wasnt of the pick axe variety.
https://www.nzx.com/announcements/389362
Revised 31 Dec 2021 Reports to keep ASX happy, it seems:)
$623K in the tin at period end by looks of things
The position likely wont have improved unless someone has dug up a humungous treasure lode in the current quarter and hasn't let on, or the current Board have loaned a few bucket fulls to NTL so it can embark on exploring a HILL ;)
Maybe it's already time to start on some large scale reverse mining of HILL and some of the other departed sidekicks ? ;)
Is there a way for shareholders to pony up funds to help out with the Hill issue, im getting squeezed pritty hard with inflation right now but if it keeps the mine dream alive i'd consider chucking some money at it so NTL can get a decent lawyer and have a better chance, i'd imagine there are several people on here holders or not who would like to see M Hill get served for the way he has treated holders in the past.
It might be a good idea to wait for a bit until we all understand how much of a dream this mine is. With Michael Stiassny on the board , (the man with the reputation as a corporate undertaker) I am hopeful of and expect some objectivity as to the future of the mine.
You wouldn’t get any argument from any of the shareholders on your view of Hill.
Yes, seems he will call a spade a spade, and wont call a hole in the ground a gold mine - well, until they can get it operating!
Also seems that he is not following his usual Doctor Doom patern
An action plan from Jonu just announced which involved raising $3.5m additional private capital to fund the recommencement of underground works including a 2nd egress route. $1m already pledged. All subject to shareholders approval at the end of June which no doubt will cover the commercial terms of the funding eg how much share dilution may result etc. IMHO the dilution is likely to be fairly irrelevant to the big picture where the potential earnings are in cent multiples not in the current decimal points. A processor still to be found so I like the idea of doing this in house.
I expect to see more detail than that very broad action plan before making any judgement but it is a good start. Well done Jonu and the board.