Hopefully being reserved for delivering HILL up something fairly life changing ;)
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That's interesting - a 12.50pm HALT after a 9.41am Announcement :)
Okay it looks like a move forward.. but:
there is still the HILL Employment Case Overhang
Possible further Capital Dilution possible
The existing Stakeholders in part have probably gotten Cap-Raised out
under the previous Board's watch and have had a guts full of new Capital
raised evaporating with little further tangible progress only to see more
dreams & excuses being spun for the next Cap Raises that then followed.
Not enough info released for the Market to make an informed choice.
Sure - the Easter Bunny or Lotto or one of Robbo's Slush Funds weren't going to front
with the extra millions to advance things, so it had to come from somewhere ;)
In this case outside funders (possible further shareholders from this) and probably
at a fairly sizey price too - if I'm not mistaken :)
No matter how it's cut or presented - is it likely that existing Stakeholders are going
to see to much out of this on the billions of shares already issued ?
I have difficulty seeing it - quite frankly IMO there are far cleaner, nicer, more prospective,
advanced ASX Goldies operating on NZ turf than NTL looks now or is likely to be in future :)
One of these is very significantly ahead in SP already this year, with a second ASX company following
upwards, while NTL has headed where ? ;)
but I may be wrong
But is it investible yet at Retail Levels in it's present structure without a
hefty consolidation at current SP levels in near / medium term ? ;)
Other ASX Goldies operating here in NZ have YTD 2022 SP's up 40% - 60% more or less
and are going places rapidly, with very significant upgrades to their deposits / strikes :)
I know where I would be flinging further Ca$h and it's nowhere near Coromandel :)
It might pay to keep an open mind on this one. The recent changes for NTL have been huge. Replacing a very poor performing board is a huge achievement and something that I thought was not going to happen.
The new board has no past to hide and as Paint it Black points out NTL has credibility now.
Having a second egress and funding the traffic management plan was never mentioned by the previous board. Market cap of NTL is currently about $6m which is peanuts if this can become a profitable mine.
I will wait patiently for more detail.
I am also patiently waiting for the FMA investigation of Hill
Going to be great if this trading halt is to announce a processing agreement being signed