Originally Posted by
Baa_Baa
Hey Silver, what's twenty years between friends eh? New management and directors was a decent coup, but doesn't change much on the delivery side, yet.
Nice to see some folks getting excited about the prospects here but maybe they shouldn't get too far beyond NTL is still an explorer looking for gold, they're not digging up gold, let alone refining and selling it. It's not clear yet whether NTL will be happy to just find the gold (if it's still there), or prove it's there and bail out to a mining company, or if they find it, push on to mining it themselves and try to refine and sell it.
From the ambition in the reporting, it looks like they want to go the whole nine yards, so you're right, it will take a lot more shareholder capital to get there, if they find and prove they have gold. One step at a time, this turnaround has yet to prove anything except that they can take over a company that might have some prospects. Good luck I say, but as an investment proposition it's still a long way from payback.