NTL - New Talisman Mine - New board & Directors

[Toddy]

A good reason for extra capital will be for more exploration and working capital because they've budgeted for a 3 month delay for the ores before they can processed, but probably another couple more months before it officially gets sold and they get the money, so really need extra.

I haven't invested yet. I will do at some stage for a bit of interest.
It's best to wait though to see how the capital raise goes and the progress on getting the mining operation underway.

I think both of these events will lead to a better sp entry price.

[Paint it Black]

I haven't invested yet. I will do at some stage for a bit of interest.
It's best to wait though to see how the capital raise goes and the progress on getting the mining operation underway.

I think both of these events will lead to a better sp entry price.

So you think the SP will drop below 1.8c after the capital raise?

[Toddy]

So you think the SP will drop below 1.8c after the capital raise?

Thats what I'm thinking. The market will be flooded with stock and there will be a significant period and dollars spent pre production.

Then I expect even more time once the dirt has been run before the Company announces income results.

With the flood of new script plus the time wait, then yes I would be surprised not to see the sp under pressure.

[Paint it Black]

Thats what I'm thinking. The market will be flooded with stock and there will be a significant period and dollars spent pre production.

Then I expect even more time once the dirt has been run before the Company announces income results.

With the flood of new script plus the time wait, then yes I would be surprised not to see the sp under pressure.

More likely a successful raise and the probability of gold sales outstripping costs before the cash runs out will soon make the SP rocket imho!