Haha .. 3 bagger for some luckier speculators .. on 0.003 in recent days on small volumes though :)
Printable View
Haha .. 3 bagger for some luckier speculators .. on 0.003 in recent days on small volumes though :)
10 bagger soon - well, lets hope this is the turning point - Im hoping for some gold fever!
Yes, well done to anyone who bought at 0.001 and sold at 0.003.
Meanwhile...........tomorrow....................:D
Attachment 13932
If anyone up Auckland way hears in due course what date the trial is (assuming it goes to trial), could they please post it on here.
I posted this on the 07th July 2020, almost exactly two years to the day.
Hill (or his aliases) haven't come down this way, soooo I guess I'll have to come up to Auckland instead to tell him what I think :D !!!
Can recommend: https://www.goodreads.com/book/show/...rds_I_Have_Met
if bored while you're waiting for the Jury to make their Decision...
1/3 of the bags disappeared in today's trading :)
Hey Jonu, just in case you are still checking in. Not that you can say anything, but hope the Directions conference went well, and that you get the opportunity to push back on Matty!
I hadn't seen this posted here, but here you go:
https://www.syndex.exchange/investme...sman-gold-mine
Seeking to raise $3.5m to fund mine activities, of which $1m is already pledged by a cornerstone shareholder.
Convertible debt securities paying 9.5% interest in cash quarterly, and then converting to shares at a 15% discount at 18 months.
Mentioned here but slightly different perspective ?
https://stocknessmonster.com/announc...asx-6A1102200/
Mr .1c made a sound investment.
At.3c, he has trebled his money.
The ping pong table has a much more steady look to it, now its got a new $1M leg propping it up.
Jonu has some coin, now to put it to good use!!! Time to buy-in big time!!!
and down by 33.333% :)
Presumably that is Mr Hamish Brown that has Ponied up the $1m. He must have done his due diligence and come to the conclusion that the mine is a goer. I think he is a brave man. NTL will need much more dosh than that to get this going. All hinges on if other shareholders can be convinced to throw some money in.
Yes, somehow they need to create a gold-rush and get some new investors believing this is a go - the regulars (olde time HGD) investors have burned enough (apart from Mr Brown) so might wait on the sidelines.
I think one of the last announcement said was that they were triggering the extraction clause, so we might see some AU yet - how much, and whether commercial viable -we will see.
Has he spotted something interesting in the dark for this, that no-one has yet been told about ? ;)
I think a similar $20k thrown at other sorts of green unfriendly black gold elsewhere appears to be an instant
success story with near huge returns, no digging in the dark needed :)
When are the next Directors fees going to be paid out ? :)
My pet Powelliphantas are in for a rude awakening, but at least they will have another entry/exit point to choose from!
Interesting - Jonu has always been bullish (excuse me, I couldnt resist) about NTL - but now he is in the know, and still buying.
Transformation on the way. Still a legal case floating in the background though
I look forward to the headline "First gold produced in XX years" - will bring renewed interest from both investors and protestors.
Go Jonu, you can do it!!!
I look forward to that too. Jonu throwing $20k at the market has piqued my interest. I may get off the sideline. I think I should at least lace up my boots.
just out of interest who are the ASX miners working here?
OCA......
Looking back at 2016, I bought some at .006 and sold for .027 one year later and made $40000 along the way.
now time to buy back in . I have some now at .002, and will see if the .003 sells hold up, i,ll try to get some more at .002, otherwise I,ll need go go to .003 before they all sell.
Should be an interesting week
Its a lovely place to walk and cycle, but getting very busy with tourists .
The bridges over the river are not the best. So just wondering on how they might move the ore offsite.
Other ASX Gold Miners / Explorers I know of working in NZ are -
ASX: SMI - Santana Minerals (Otago - near to Macraes deposit)
ASX: NAE - New Age Exploration
ASX: SNG - Siren Gold (Reefton River)
Possibly more ASX companies, plus there is a Canadian listed or owned gold company
Thanks NZTX.. I tried to give you a star but it wont let me :sleep:
Just remember guys, Jonu the current chairman has been "backing the truck" up for years, and at prices substantially higher than the SP today.
It wouldn't surprise me at all if he's deep in the red. So I just reckon treat any current purchases he makes in NTL with a bit of suspicion and a good dose of scepticism. IMO he could just be protecting his "investment" (jeez I hate to use that word) and the blinkered bias he's had with this company for many many years.
Price on day he posted that was 1.3c (31 May 2018) Price has never been higher from memory.
Posted 09 February 2018
Posted 28 February 2018
Posted 22 February 2019
Posted 15 January 2018
Disc: So it's all lovely jubbly in Christchurch, and I can't believe my luck that I made some good money out of NTL, and then got out before it went into "extraction mode" :D :D yeah right. Think more like detonation and capital destruction mode!!!!
Be careful people!!!!
Jonu sure has been a smitten kitten, rather than a fat cat, but he did move the fireside cat off its Matt, albeit after many years of smooching.
Thanks . Good luck Brian
Only put in what you are prepared to loose , but gains could be high on FOMO for a short while like in 8/17.
That is one big hole in the ground, right on the edge of town !! Awesome place to visit, as is Karangahaki Gorge- NTL territory. Lovely bush walks there. Take a 4 hr walk to to top of the K mountain and get an awesome view of both mine-territory . 360 view from the top, and interesting signs/ info to read about the previous mine works.
More on market purchases by director - is this confidence I see building? Go you good thing - well, not good yet.
Merciless hyping. I'm sure the directors would need to expose any material reason for buying. Still no extraction, no traffic plan, no processing plant or plan, just cash burn. Beware the pump and dump.
Hyping, but with money from their own back pocket. We saw for years NTL directors sat there taking their fees, and free shares (I think) rather than put any of their own cash on the line - this is new. Yes, could be pump and dump, but would indicate that there is actually something to pump up.
Downside is there though - will extraction and processing be possible at a profit?
Will Mattys claim through the courts be accepted? and NTLs legal costs to defend it - that could hurt.
Director making further ($3k) on market purchases
"Director". This buying, although a positive signal, indicates no known material announcements are incoming. I guess there could always be a surprise find though.
Yes - the fine balance of reporting requirements - must update the market if price sensitive information is known - but then dont need to if its not finalised, but Director knows whats coming so shouldnt trade.
Either way, Im just glad that its a BUY and not a SELL
Another good announcement today. Giving up the Parnell office is the right move. Well done the directors. The buys heavily outnumber the sell quotes another positive sign.
This is going to be touch and go imo board is trying all options after the messed up effort of the last board
Still a mountain to climb for sure. Whether they can get it all consenting, extracted, and processed remains to be seen.
Our Jonu at least is giving some clarity, and seems to have a plan to achieve the prize. Few million in the bank, will it be enough??
AGM, guess there will be mention of the pending case of Matty v NTL claim to be an employee - but they wont be able to say much. COunter claim that Matty was a "naughty boy" when at the helm.
Lets hope the gold flows!
I would think that NTL are on solid ground with respect to Hill not being an employee. I would expect Mr Stiassny would have run into these arguments before and if in doubt would have received sound legal advice.
IMHO One would have to ask WTF has Matt been doing all of these years ?
Personally, I think he was only interested in cashing his cheque, and milking the cow - he never really made any progress in the time he was at the helm
And to counter my enthusiasm for seeing a Director buy on market, then amount they are buying is very small ($3k), which isnt material.
People do not throw $3k at a lost cause no matter how wealthy they are. In fact the people I know that are way wealthier than me ( which is a low bar) are tight with money, some to the point of being stingy. In fact one of my mates I would describe as a stingy parsimonous cheese-paring Scrooge and if NBR knew about him he would be on the rich list. Fortunately he lies low and keeps himself under the radar.
As the increments go up, as you know, the % gain gets less very quickly, so to buy even a small amount ($3000 ) at 2 to 3 is 50% gain.
to buy at say, 9 to 10 is 11% gain. good idea I say for her ..........
Anyone attending the AGM?
Shareholders and proxyholders can watch and vote during the virtual Annual Meeting via the
online platform at: https://ntlasm2022.anzpac.chime.live
To do this, you will need a computer or mobile/tablet device with internet access.
Shareholders: when you log onto the online platform, you will need to provide your username
and password. Your username is your CSN/shareholder number, and your password will be
your postcode or country of residence (if outside New Zealand).
AGM, Could be interesting and Im hoping will show a concrete way forward for the future after years of dead ends !
If someone could post highlights of AGM (I cant make it), would be appreciated.
Producing gold in 2023!!!! Wow. Ask them how much!!
Landym, a positive report from the Chairman under the circumstances which also indicated that they are aiming for gold production 2023, if this is the case the prefs are a interesting investment, one would have to ask , " what the he!! has the former board been doing over the last 5-10 years " !! ?
New Talisman – Chair’s Address to AGM 2022
September 28, 2022
Good Afternoon Ladies and Gentlemen,
Those of who attended last year's ASM will note there are only two familiar faces remaining
from last year. They are long serving Company Secretary Jane Bell, and Board member Victor
Rabone, who had been appointed just weeks before. The change demanded from
shareholders at the 2021 ASM is reflected in your new Board and we have taken up the
challenge of stabilising the company and focusing on a return to underground operations. We
do this work with two main drivers, Good Corporate Governance and Shareholder aspirations.
And of necessity, in that order. When we can have the two in alignment we will achieve great
things.
We have carried out extensive work and consultation with industry regulators to re-establish
their trust and confidence in the Company, which it is fair to say, were at a low ebb. I am
pleased to say, that while we still have work to do, the regulators have all indicated a
willingness to walk alongside our efforts to fully comply with their requirements.
This work has included addressing and successfully resolving many legacy issues predating the
current Board, including:
• Breaches of the NZX listing rules
• A rights issue to shareholders which was then cancelled.
• FMA enquiries into the former CEO’s postings on sharetrading forums
• FMA queries relating to financial reporting, particularly inventory
• Litigation commenced by the former CEO following our cancelling of the CEO’s
management contract provided through his company, Asia Pacific Capital.
• Two significant acquisitions in progress:
- Broken Hills – which was not completed, and
- Capella (in Vanuatu) – which we were bound to complete.
The major asset of the Talisman Mine also required independent appraisal in the 2022
financial year as it had not been done for some years. This was a planned appraisal and it
supported the value of the asset in our books, but of course does result in additional valuation
costs in the year in which it is done. It also results in additional audit costs to assess the
appraisal.
Subsequently, we also booked an impairment in the Annual Accounts, due to the Company's
share price trading at a significant discount to Asset Value. We are required to impairment
test at least annually and of course if our share price improves, we will revisit the impairment.
All of these issues have required significant input from our legal, accounting and audit
advisers, and have contributed to our Operating costs increasing from $764,000 to $1,067,000
between the 2021 and 2022 financial years.
As we go forward, we are focused on delivering value to shareholders and running a costeffective and efficient company.
We are bringing our accounts administration in-house, and actively examining exiting our
office in Parnell which will result in significant savings for the company.
Our main goal is to bring the Talisman mine into production. To this end - we outlined our
Strategic Plan in April 2022, which involves recommencing underground operations at the
Talisman Mine, and generating income by mining two faces on the Mystery vein.
As announced earlier this month, John Upperton has been appointed our Strategy Delivery
Manager – to focus on delivering our Strategic Plan. We hope to be producing gold in 2023.
John has already engaged with a variety of industry experts in geology, metallurgy and mining,
and we look forward to updating the market as decisions are made and milestones achieved.
We have successfully recapitalised the Company to fund the delivery of our Strategic Plan and
would like to encourage investors to participate in our current placement to help support this
goal.
We will also shortly be issuing loyalty shares to those shareholders who participated in the
private placement in September 2021. We thank those shareholders for their loyalty and
issue one share for every three shares that they continue to hold from that placement, as was
agreed at the time.
The Company has been through a rocky period, followed by the last year which has brought
systemic change and disciplinary rigor to its Governance. We consider the Company to have
turned a corner and is now in a position to concentrate on its core business.
We thank all our shareholders and stakeholders for your support as we endeavour to realise
the potential of the Company's core asset, the Talisman mine
I thought the meeting went pretty much as expected with Samantha doing all of the running. I hoped the other directors could have added a little more detail when answering the questions but this is what can happen with zoom meetings unfortunately. The second half of next year for gold processing advice was also longer than hoped and I really hope this is a conservative assessment to cover the timeline risks. It was good to see they are wanting to concentrate the ore at the mine site (even inside the mine) to minimise transportation effort before forwarding to a yet undecided final processor. All in all I feel much more confident NTL is on a good pathway with the right team. Now just need to be patient a bit longer while Jonu especially gets it all clicking together!
Was there any further comments on the FMA? Or the pending court case? UNtil resolved, I guess they cant say much.
Given all material info should be public knowledge, hopefully we see the Directors buying in on market again.
The only reference to the FMA case is in the Chairman's report. Perhaps a question should have been raised re any further details. I don't believe it was mentioned as a risk when the question regarding risk was responded to. Would be good to get this out of way to completely clear the decks though as I'm sure the directors are also keen to do! As can be seen in the Chairman's report a large amount of behind the scenes work has recently occurred to save the company and get it back on course.
I attended the meeting and from memory there were no questions on the FMA and no further comments apart from the initial Chair address. Material info should be public knowledge. As to directors buying on market, they may be loathe to do that whilst a capital raise is in progress?
The 1:3 gift of shares to those having held onto shares from 2021 offer will dilute the share pool even more....... geee, so many trillions of shares . No wonder the cost so little.
dic. Hold. Buy
hoping to get to ..004 by next Christmas 2023
Normally sell side at 0.003 is restocked to 16m+ whenever someone buys a million, seems to have stopped now and down to 13m - be interesting to see if that 0.003 wall starts to fall
How does NTL attract fresh investor - most of us here have been round long enough to know that is/was a dead duck, but that Jonu has got some life into it. After following this for over 15yrs, 2023 seems just round the corner.
Be nice to see some uplift!!
There is a share placement process in play which is at a premium to the current share price. Refer to the notice issued on the 24/8/22. This is not the same as a capital raise where shares are offered at a discount. The directors have in fact being purchasing on market while obviously disclosing this.
Time will obviously tell but nice to see the 0.003 wall reducing another 2 million shares around noon. Even with gold processing scheduled for the second half of 2023 I hope the market will receive a steady stream of activity updates which will lift the SP well before then.
The ASX listing should be dropped imho by the company as I believe it is more of a hindrance than a help. It is a bad hangover from the Hill Family days and must be costing a few $$$ to maintain. It recent times it has had very low turnover and is often stuck below the NZX SP and consequently restrained it. The growing exchange rate difference will further complicate things.
A good idea. Many years ago I purchased all of my holding on the ASX because it was cheaper at the time. Now (with the exchange rate) it might be advantages for me.
More diluting of share value if there is any value left.
Am I reading this right?
There were 335m shares in the placement (to "sophisticated investors"): http://nzx-prod-s7fsd7f98s.s3-websit...090/354654.pdf
So a 1:3 bonus could've resulted in 111m new shares assuming the issued shares didn't change hands.
But only 8m bonus shares were issued. So only 7% of those 'sophisticated investors' still hold their alloted shares 12 months on.
I think you are correct. The 'sophisticated investors' are noted as Australian investors in the placement and some were possibly connected to the Hill's who subsequently sold their holdings when the Board changed in October upon which the Rights Offer was withdrawn. This has fortunately then resulted in a minimal dilution of the SP. If Jonu & co had not taken the decisive action the 'sophisticated investors' in Australia would have been heavily tilting the company shareholding in their favour and the holdings of Hamish Brown and Jonu would have been severely diluted.
Announcement today - rings a little bit of old Matty - innovative ways - didnt Matty want an army of snails to do the work?!?!!? hahah
"A number of mining methods are also being assessed, including production of a concentrate
underground, which has the potential to greatly reduce production costs and remove the need to
transport ore large distances within the mine. This will minimise environmental impacts both above
and below ground. The company is currently working on design and installation concepts to be tested
against production volumes, gold recovery efficiency, and costs.
The company is also examining other innovative ideas to maximise the knowledge gained of the mine's
gold resource during the Bulk Sampling phase."
Sellers increasing as buyers drop - 2023, and a few unknowns to conquer before this is a 10 bagger!
There's still this unused piece of expensive machinery lying around somewhere.......
MKTUPDTE: NTL: PRELIMINARY PILOT PLANT RESULTS 09:28a.m.
NTL
20/09/2019 09:28
MKTUPDTE
PRICE SENSITIVE
REL: 0928 HRS New Talisman Gold Mines Limited
MKTUPDTE: NTL: PRELIMINARY PILOT PLANT RESULTS
Significant Gold Concentration Achieved in Pilot Plant
The Board of New Talisman Gold Mines Limited is delighted to announce that
positive results have been achieved with the initial batches of ore tested
through the pilot processing plant.
Two batches of concentrate, produced by passing ore which has been ground to
less than 150micron size (about the same fineness as cement powder), through
the centrifugal concentrator and performing a cleanup on the shaker table,
have been assayed by independent SGS laboratories yielding grades of 989g/t
gold and 4,120g/t silver, and 876g/t gold and 2800 g/t silver respectively.
High levels of other metals such as iron, copper and zinc are reported in the
concentrate. Approximately 1.2kg of this concentrate has been produced to
date.
Quite right - an excerpt from an announcement 3 years ago as to the success of the pilot plant to produce concentrate above. Possibly this is what they are looking at?
All that effort for 1.2kg, nice
Mats settlement agreed at $145 K , moving ahead now !
where did you see that?
https://www.nzx.com/announcements/400141
PS.Are FMA still after Matt.?
Well, good to have the noose removed from NTLs neck - though paying him $0 would have felt better.
FMA, still ongoing I assume
145 instead of 817 is fantastic well done . Lets move on and focus on the main thing, and we all know what that is.
https://www.fma.govt.nz/news/all-rel...nvestor-forum/
FMA seemed very serious in the above media release.
I particularly liked this part
"Karen Chang, FMA Head of Enforcement, said: “Market manipulation undermines confidence in financial markets, especially if it is by a senior executive at a listed company. We considered Mr Hill’s conduct warranted a strong response to demonstrate that such actions will not be tolerated, and to maintain confidence in New Zealand’s markets.”
He has $145K of ill gotten gains from NTL plus the balance of his NTL shareholdings for the FMA
to focus on cleaning out before starting to extract the real penalties out of his back pocket for the
alleged conduct ;)
Perhaps the FMA should aim at making him pay the full pound they extract and some more back to NTL and it's past and present Holders as compensation ;)
Most wouldn't have too much difficulty determining the extent of their Losses in terms of NTL for the duration he has been on the NTL Board :)
FMA - been over a year since that last announcement - get a move on. Lets hope there is resolution soon. Be pleased to hear the last of Hill and instead celebrate (optimistic) Jonus good work.
If its found that he did, or at least, was trying to manipulate the market - would that lead to action by shareholders to reclaim some of their losses? From what he said, it was never openly pumping the price, but it was certainly in a positve vein - that said JOnu was positive too, just that he has done something (good so far) about it
Possibly throwing good money after bad. Even with an FMA condemnation proving and quantifying actual damages to shareholders will be difficult and expensive imho given covid and the risks inherent when investing in a mining company. Maybe by 2024 we will have recovered it all anyway!
Great to read in the Sept quarterly report how the company is now engaging with the Australasian mining community and regulators with good feedback. Also prudent that the placement has been temporarily suspended until additional confidence is obtained on the costs and processing route.