NTL - New Talisman Mine - New board & Directors

[Toddy]

Last time they wanted to raise $3.75m and only got $1.7m, so its likely they need a similar figure depending how well they spent the $1.7m should get an announcement next week about the raise I assume.

I agree, but things get very real from now on. So it's best to raise the capital, with a decent buffer for unexpected costs while the shareholders are excited.

Im sure that they will have a decent uptake this time on a raise as the funds are going to be used for 'mining'.

Everyone will be a winner if this venture is successful.

[Paint it Black]

I agree, but things get very real from now on. So it's best to raise the capital, with a decent buffer for unexpected costs while the shareholders are excited.

Im sure that they will have a decent uptake this time on a raise as the funds are going to be used for 'mining'.

Everyone will be a winner if this venture is successful.

A big hurdle has been cleared with the DoC approval. The delay has cost shareholders plenty but thankfully it is achieved. Just where the Board pitch the CR is now the next excitement. Way back in the past I remember an NTL CR discounted far too low which sucked the life out of small existing holdings patiently accumulated. Hopefully this won't happen and we have a balanced proposal which clearly sets out the processing route and timetable with any remaining consenting risks eg traffic management, siting of the processor etc.

[Landyman]

Given the positive (albeit delayed) progress over recent times, then one would expect a reasonably priced CR to be very successful.

How long it takes to ship, receive, commission, and test the machinery will be interesting - until there are some reasonable volumes, cashflow neutral then positive by 31 Dec??? Who knows - well Jonu will have a fair idea - more detail in the CR.

Im hoping for a 5x bagger!! Forever the optimist, hard thing to be after 15-20 years of HGD/NTL.

[Antipodean]

... Way back in the past I remember an NTL CR discounted far too low which sucked the life out of small existing holdings patiently accumulated.

Probably the 2017 CR... sad to look back now and think what could have been

Best of luck to all holders hopefully this time is different.

[ThaiJohn]

https://announcements.nzx.com/detail/433627

[silverblizzard888]

Unless I've read it wrong NTL only holds a 2 year bulk sampling permit and once that is over will need to make an application for full mining. If after that two years a labour government were to come in then that would really complicate matters, lets hope they can fast track while they can.

"Whilst NTL already has a Bulk Sampling Permit in place – we intend to consider the option of Fast Track Consenting for projects of national significance for our full Mining Permit."

"Furthermore, the mining permit consists of a two year bulk sampling period and will require an application for full mining."

[Baa_Baa]

Unless I've read it wrong NTL only holds a 2 year bulk sampling permit and once that is over will need to make an application for full mining. If after that two years a labour government were to come in then that would really complicate matters, lets hope they can fast track while they can.

"Whilst NTL already has a Bulk Sampling Permit in place – we intend to consider the option of Fast Track Consenting for projects of national significance for our full Mining Permit."

"Furthermore, the mining permit consists of a two year bulk sampling period and will require an application for full mining."

And the other question is, did the bulk sampling permit start when it was granted, (ergo how long is left), or does it start when they start bulk sampling?

[ThaiJohn]

Pretty certain its the latter Baa Baa

[whatsup]

Why is there a" Suspension from quotation notice" in Aust tonight at 18.33 and nothing from the NZX ?

[Baa_Baa]

https://hotcopper.com.au/threads/ann...ation.8071160/