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!

[Landyman]

IMHO - if the CR is successful (hopefully north of $4m), then I think up is the way it will head, when/if it gets in the media that its in production, then we should see new investors with a touch of gold fever.

Anyway, best wishes to all, closer than ever.

[Daytr]

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.

Makes sense unless the gold price explodes, the news is now out, what really will they offer in regards news in the next 3 months?

Confirmation that plant is in good condition to purchase or not.

Perhaps an outlet for their concentrate, but we don't know what the grade of the concentrate.

Mostly what will be happening is spending money.

Nobody knows what the cost of production will be, what the grade will be.
Hopefully it's 30gtp as mining small quantities is typically expensive per ton.

Realistically how long do people think it will be before there is any cash generation?

[Toddy]

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!

Yeah, maybe because my knowledge on the subject comes from reality TV, like Dave Turin's Lost Mines, I have preconceived risks in my head.

Are they over stated or understated.

I will leave it upto the mining experts. However I've been around the block a few times with cap raises flooding the market when asking for money from the 'same' shareholders over and over.

[Watchful]

Some of the recent posts have me pondering the question -
Which is a better use of your investment?

If you buy on-market, you may be able to score more shares for your dollar if you time it right, but your money has no effect on the likelihood of a successful outcome,
“A larger piece of a smaller pie”

Or do you buy directly from the company in a capital raise, where your dollars then literally improve the chances of (your) company crossing the threshold into viability and profit, with the resulting return on investment.


Not a criticism of any individual approach, do what’s right for you!

[Toddy]

To ensure that the cap raise is successful then investors need to also buy off the market to keep the share price above the share issue price.

It's starting to look like the cap raise offer price has been priced incorrectly. I. E too ambitious.

Only time will tell.

[Paint it Black]

To ensure that the cap raise is successful then investors need to also buy off the market to keep the share price above the share issue price.

It's starting to look like the cap raise offer price has been priced incorrectly. I. E too ambitious.

Only time will tell.

Why do you say that? It is normal for the market SP to drop towards the offer price as holders will buy through the raise to avoid commission and as a holder why pay any more? Mining shares are speculative. One needs to be able to roll with the downside risk in order to potentially make a mint. If you can't afford a loss then best to stay clear.