Subject to all the sign-offs and toll processing options that shareholders have been waiting 15 months for. 15 months!
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I'm a bit confused. TFM is provide the land, but do they have it already? It says there is 'clarity on the site to be used for processing'' so I suppose it exists.
With the line 'TFM to process Talisman ore' I guess this mean TFM will be responsible for sorting consents to use the land, if it exists, for processing.
It's just more smoke and mirrors in my opinion.
How can anyone in their right mind have money tied up in a company like this that never seems to provide clarity.
This is copied from a poster on another site. It was in response to the "Terra Firma Heads Of Agreement".
"""" i knew i had seen this story before, they announced the basically the same thing in 2019
Following the identification of the initial site for the pilot plant and application for resource consent in February 2019, the company’s mining contractor Terra Firma Mining Limited offered use of its industrial site for the purpose of operating the plant. Due to the Terra Firma owned site location and other security and logistical benefits NTL approved the proposal.
Terra Firma milking NTL since 2019 at least.
The board should remember its NTL shareholders not Terra Firma (or Mr 19% p.a.) that need to see a return... """
dubya, the quote you reference presumably pertained to the pilot plant and a decision made by the previous Board. Why this in any way should be used to infer Terra Firma is "milking" NTL is highly unfair and unwarranted. You might also consider who the likely poster on HC really is.
I have to be extremely careful in my interactions on this thread, but need to remind you that the current Board has all been elected within the last 2 years with strong shareholder support. It is no secret we have been greatly delayed by DoC, we have relayed that to the market and made our frustrations known to the department and the new Ministers. I don't know whether you are a current shareholder, or a disgruntled former holder from the time of the previous Board, but anyone who has followed NTL since the change in 2021 will be aware of this.
Oh, and BTW, Mr "19%" put up an unsecured 300k loan facility to support short-term cashflow for the company. I can't think of another instance of a Director showing such confidence in a company. I have found it extraordinary that people have viewed that negatively.
Thanks to all holders for the support.
John Upperton
NTL Director
Upvote jonu
Downvote dubya
" I can't think of another instance of a Director showing such confidence in a company. I have found it extraordinary that people have viewed that negatively."
My thoughts as well.
It's good they got the $300k.
It's not good they needed it.
We are in June, so apparently this month there will be a CR this month to pay it back plus fund the plant & mining operations until they get some casflow.
But thats if & its a big if they get the major obstacles over the line that Shareholders have been waiting 15 months for.
What are the odds that the company has these obstacles resolved in the next four weeks?
Not sure there was any option otherwise.
Can't raise money, can't get money from a bank & they are out of money. My only surprise is he went unsecured.
I think that's a good name for the company going forward.
New Hope.
Anyway good luck to all.
Apparently you will know everything within 4 weeks.
Flipped off all my .018 shares (including oversubscription) purchased in the last CR on Friday for .024. Happy to bank a nice little profit on them.
Still holding my original (very red) shares for the future. Got to have some in the portfolio to qualify for the next CR if it looks tempting.
Since our top shareholder already has about 20% of the company, won't that severely hamper him from taking part in any further in CR's?
I suppose he could only acquire up to 20% of any new shares, but how could he know how many to subscribe for?