Hmmmmm, two days out from the AGM and up comes this. Well at least they have moved from a skip bin to a dump truck of sorts. Looks like a 3 tonner so about 4500 bucks in the load. 10 loads should pay for the truck?:)
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Hmmmmm, two days out from the AGM and up comes this. Well at least they have moved from a skip bin to a dump truck of sorts. Looks like a 3 tonner so about 4500 bucks in the load. 10 loads should pay for the truck?:)
My purely speculative guess is they will do a capital raising, open to all. The price can be as low as 75% of VWAP. The last one was at 0.8 cents. The ironic thing is that the overhanging capital raising prospect may keep the price down and reduce the potential price for the capital raising...
Once it's sorted I'm calling NTL as a buy. Even now, the fundamentals are beginning to change to a producer. Good times.
The tipping point for NTL will come in due course that I'm certain of. Hopefully that tipping point is soon.
When I first started out sharetrading back in 2003/04 when I was 17-18 years old - HGD was one of the first companies I invested in. I didn't buy shares in HGD until around 2005/06 at around the 5-6c mark and have averaged down since.
When I first bought HGD shares I gave myself a realistic timeframe back then that I would need to wait at least 10-15 years for anything tangible to start taking affect. So far things seem to be plodding along quite nicely.
Good to see the VWAP at 1.08 cents, the higher it is the more CPS on a potential capital raising ;)
Seems the noise level has gone up at Karangahake. Screaming and yelling about to start.
Opposition to gold mining in Karangahake Gorge
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By: Georgia Nelson, New Zealand News | Tuesday September 9 2014 8:03
http://arntrnassets.mediaspanonline....FILE-PHOTO.jpghttp://www.newstalkzb.co.nz/images/expandarrows.png
Coromandel (File Photo)
A Coromandel conservation group is launching a campaign to stop gold mining in the Karangahake Gorge.
The Department of Conservation has given the mining company New Talisman Gold Mines approval to take up to 600 tonnes of ore from the area each month.
Coromandel Watchdog spokesperson Ruby Powell says conservation and mining are complete opposites.
Her group is opposed to mining in the gorge.
She says they have started a social media campaign to put pressure on local candidates to step up and say what they're going to do to save the Karangahake Gorge
Shock as company gets given go-ahead in the Karangahake Gorge
Shock as company gets go-ahead in the Karangahake Gorge
Tuesday, 9 September 2014, 2:23 pm
Press Release: Ruby Jane Powell
Extensive mining activity is due to start in the beautiful bush clad hills behind the iconic Karangahake Rail Trail.
New Talisman Gold Mines received an “Authority to Enter and Operate” from the Department of Conservation in August this year and - combined with their resource consent from Hauraki District Council - means it can begin its bulk sampling and trial mining program; mining around 600 tonnes of ore a month.
Hauraki District Council issued the resource consent without public notification and Karangahake resident Mark Beach, who has been watching the mining company trucking out material over the weeks past his front door and has found cracks appearing in the road has said he is angry locals were not officially consulted.
Iwi spokesperson Winn Brownlee of Ngāti Tamaterā said local iwi were strongly opposed to mining in Karangahake.
“Talisman Gold did come to see me and we objected to the mine, just as our forebears did. “They shouldn’t be touching anything close to our [river] as there is no guarantee that they're are not going to pollute our waterways,” she said.
“All our forests [and birdlife] should be coming back - it’s a place where everyone should be able to go to and is very significant to Ngati Tamatera.”
Coromandel Watchdog spokesperson Ruby Powell said the consents should not have been granted.
“This area suffered drastic pollution from mining historically and is now recovering and regenerating.
“Today the area has a sustainable economy developing from people coming to enjoy the natural environment with many DOC walks and the Hauraki Rail Trail winding through the Karangahake Gorge.
The Rail Trail was listed as one of the 14 wonders of New Zealand on the 100% Pure New Zealand website, she said.
“Both iwi and locals we have talked to are opposed to mining in the gorge and the Hauraki District Council and the Department of Conservation should never have given the New Talisman project the go-ahead.”
“We have had pledges of support from all over the globe of people wanting to support us, locals and iwi in our bid to save the gorge and we will use all peaceful means available to do so,” Said Powell.
A social media and mass emailing campaign has begun to ask the candidates standing for the Coromandel Electorate to take a stance on mining in the Karangahake Gorge, there is a protest planned for this coming Sunday 3pm and a public meeting is scheduled for Tuesday 16th September at 6pm in the Paeroa War Memorial Hall.
ENDS
Would be totally futile to try and make everyone happy, not even physically possible, some are just born to whinge and make it their life mission, though NTL are doing some good things for the local community are they not, must have missed those in the article ?
A social media and mass emailing campaign has begun to ask the candidates standing for the Coromandel Electorate to take a stance on mining in the Karangahake Gorge, there is a protest planned for this coming Sunday 3pm and a public meeting is scheduled for Tuesday 16th September at 6pm in the Paeroa War Memorial Hall.
Will you be attending the meeting Miner?....Say some nice things about gold perhaps..