I find it interesting that in the last capital raise that was supposed to get the company mining by the end of 2023 that there was no mention of buying a plant.
Have a look back at what was promised then.
406663-388496.pdf (nzx.com)
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I find it interesting that in the last capital raise that was supposed to get the company mining by the end of 2023 that there was no mention of buying a plant.
Have a look back at what was promised then.
406663-388496.pdf (nzx.com)
Grooooaaaaaan..:t_down:
Quarterlies come out end of 1st month following end of period, so likely to see end of July. I think we will know more sooner than that, as CR (IMHO) will happen as soon as they get (assumption is the...) DOC sign-off - use the positive energy of progress to get us in a gold fever frenzy. Historically CR been at a discount to the VWAP for the previous month (off the top of my head), and we been bubbling along at low to mid 2c for a few weeks - so my guess if they will try to get it done at 2c. Likely with a promise of final CR - ha, no one ever knows the future.
Big change is having to buy the plant, I always understood that 3rd party was desired route, in which no up front cost, just pay for processing. Now, buy it, install it, run it, maintain it.
DISCL: I have sold down a little to allow myself to participate in the CR - assuming all looks good.
Will be interesting if they offer options for future share purchase as I recall they have done in past .....
Have a good feeling about NTL..finally. :t_up: