How did you get that from the quarterly report? It states nothing about progress towards mining. The interest expense was larger than the mine development spend. And the admin fees were ten times higher than either.
Printable View
Except there this was line immediately above that number: During the quarter the Company paid $45,082 for director fees tocompanies in which directors and major shareholders have a substantialinterest.
Page 21 of the annual report shows a tidy sum transferred to a company under Mr Upperton's control: Kohe Cottages. http://nzx-prod-s7fsd7f98s.s3-websit...037/397701.pdf
There's no evidence to connect the two expenses though. That $45K could have gone to any or all directors. Just the annual report suggests otherwise.
Haewai, they have previously stated they were targeting gold production and to be cashflow neutral in the 2nd half of 2023.
We are now one month in. I would expect the development or mining expenses to start to kick in over the next few months as they commence production.
On 21 June 2023 NTL announced that the ASX had required Ms Shariff to sell on market 2,700,000shares that she had purchased as part of oversubscription in the Rights Issue earlier in the year. MsShariff has today lodged a Capital Change Notice(NZX) & 3Y(ASX) in relation to that disposal and hasnow completed the sale of the 2,700,000 shares. Any profit from the on market sales will be donatedto a NZ registered charity.
done and dusted
Has anyone actually seen this so called mining operation actually mining... and what have they found? has anyone checked this is not just a fake AI reality show...
Waltzing - is that another Matt Hill alias?
Looks like it Friday funnies!