You selling too ? :)
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I was thinking of buying the lot today just to get the price going then thought theres no communication on updates or any positive encouragement from the board, the quarter report will come out and production or something will be pushed back and price will drop again.
*no communication on updates*
Par for the course unfortunately with these guys. I thought that might have changed with Jonu getting onboard but alas..no.
Agree the reporting lag (as it has always been with NTL) is frustrating. Having the AGM in September reporting on the financial year 6 months in the past and quarterlies a month in the past does not excite shareholders and I too was expecting more current messaging from the new management. Fingers crossed all is still on course for producing gold in 2023 as per the rights offer and no confusion occurs following the election.
Few businesses publish monthly updates, but given that NTL is at such a critical point, a couple of paragraphs a month would be helpful.
"Today, we used a shovel and wheelbarrow to start production, we envisage that the gold produced from this first load will pay for the first hour of Jonus digging" - hahah, sorry for sarcasm, its Friday.
NTL - you can do it!!! Keep up the hard work Jonu, and good luck to all shareholders - me included.
Did the Man say this could be a multibagger earlier ? :)
There probably is a bit of luck involved that previous Board didn't get to pull off selling it out to the Chinese,
or turn the Company upside down along the way .. top heavy with the then bods around the table successfully mining shareholders pockets repeatedly on very slow progress .. ;)
Further strength on the NZX this morning - the (lucky) worm has turned?
0.024 all gone.
Sellers @0.025 now.