NTL - New Talisman Mine - New board & Directors

[Landyman]

Rights accepted, funds paid, should get them a nice shovel or 2.

[tim23]

Tim, dont think so imho SMI has to resolve their funding .

They just had another capital raise and have some in the money options that can be exercised anytime I think within 12 months so I think they are okay at this stage. Time will tell but it’s SMI for me.

[Toddy]

Rights accepted, funds paid, should get them a nice shovel or 2.

4 more days of rights trading.
Im real interested to see if they can secure the 8m.

[Landyman]

4 more days of rights trading.
Im real interested to see if they can secure the 8m.

I think 8m is unrealistic, but happy to be pleasantly surprised. Id be very happy with $4m, given costs indicated, plus normal churn.
As they say, if dont get the $2m - few options, though Mr Brown may be happy investing unsecured for more 19% returns.

[Daytr]

I think 8m is unrealistic, but happy to be pleasantly surprised. Id be very happy with $4m, given costs indicated, plus normal churn.
As they say, if dont get the $2m - few options, though Mr Brown may be happy investing unsecured for more 19% returns.

If I was holder, I wouldn't want them to raise $8M.
It's costing you the full value of the company.
$4M should be adequate, they need to prove they can produce and process before spending too much money.

[Paint it Black]

If I was holder, I wouldn't want them to raise $8M.
It's costing you the full value of the company.
$4M should be adequate, they need to prove they can produce and process before spending too much money.

As a holder I'll take the $8M thanks. The company will be worth a lot more than that shortly.

[nztx]

As a holder I'll take the $8M thanks. The company will be worth a lot more than that shortly.

so will the ASX listed SMI down south too

Wonder if we can marry them up so everyone is a winner on both ?

[Toddy]

so will the ASX listed SMI down south too

Wonder if we can marry them up so everyone is a winner on both ?

Im still a bit shocked by the reasoning SMI gave for a secondary listing on the NZX.
'The Santana listing will enable NZ shareholders to have a live market to trade in THEIR OWN TIME ZONE'.

[Daytr]

As a holder I'll take the $8M thanks. The company will be worth a lot more than that shortly.

You mean worth more than $17M if they raise the full amount.
If all goes well yes, there's still a lot of water to go under the bridge yet. All they really have got so far is access to a mine they previously had access to.

[nztx]

Im still a bit shocked by the reasoning SMI gave for a secondary listing on the NZX.
'The Santana listing will enable NZ shareholders to have a live market to trade in THEIR OWN TIME ZONE'.

Could turn around in future.. once they find that even more of the Register is owned on this side of the ditch
than in Oz, and the other minor nuts, bolts & bits should be spun out back onto ASX

A bit of taking back what's ours and tossing back what was started with before Otago was injected in ..