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NTL - New Talisman Gold Mines Ltd

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  • Originally posted by Hectorplains View Post

    This kind of "thinking" is not at all rare (that is unless you mean rare, as in a steak. That is to say, 'not well done'...) https://twitter.com/aussiebaggies?lang=en.

    The moniker 'new talisman' references 'luck' and 'magic.' Neither of those being quality investment strategies...Or if that's mere semantics you could, you know, do some very basic research: https://www.nzherald.co.nz/business/...jectid=3583894

    Yup, suckers born every minute. Same sort of people who will say the upcoming 0.5c cap raise is "investment of the century" and it will go back to 3 cents in a jiffy. Then they sit and stare in astonishment as the company raises 1/10th of what they need to stay alive and promptly go to 0, wiping them out.

    No helping some people. I do try though...

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    • I see on "the site that shall not be named" that shareholders are starting to say that the price of gold is above $2000 NZD p/oz and that NTL will benefit from this.

      Let's completely ignore the fact that NTL has exactly $0 in revenue coming in (ie cold, hard reality). There is thus absolutely 0 benefit for NTL, whether gold prices increase or decrease at this point in time.

      The next argument (for someone bullish and with half a brain...) would be that proven gold reserves could be recalculated at these higher prices. Problem is, history proves that even with a massive run up in prices, the cost of acquisition per oz of reserves barely budges. The long-term average across all deals is $90 USD p/oz, while this is lower at the micro-mining end of the scale.

      See below for the charts that proves bulls are tugging on a string which isn't attached to anything at all really! Cold, hard reality might hit home when that 0.5 cap raise comes in hard and fast...

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      • Well, there it is, a big fat cap raise at .6875 cents. Question is, how many suckers are left to pile money into this? The last one raised barely enough to cover half the CEO's salary for a year! Being open-ended, this will drag on for as long as the NZX/ASX will allow it.

        Company looking very, very desperate by offering free shares (1 for 5) for anyone holding a year from now. When listed companies start issuing loyalty cards to try and stop selling and illiquidity, you run a country mile!



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        • Click image for larger version

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          • 0.6 cents and counting. If the SP stays below 0.7 cents the SPP uptake will be abysmal (just like the last one...) and could mean ALL OVER RED ROVER after decades of mining shareholders pockets

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            • Originally posted by Moosie View Post
              0.6 cents and counting. If the SP stays below 0.7 cents the SPP uptake will be abysmal (just like the last one...) and could mean ALL OVER RED ROVER after decades of mining shareholders pockets
              Funniest part of this whole clusterf**k is the official offer is announced at "NZ$0.6875 cents per share." Even on basic literacy / numeracy these guys... fail.

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              • Even funnier, in a sad way is the market sold off 25% to 0.006, below the SPP's 0.006875 discount to market 0.008 yesterday, so the SPP is dead before it even starts.

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                • With all the milking of shareholders NTL has done over the years, they might be able to get a supply contract with Fonterra and get some revenue that way.
                  Next step might be to announce a working bee where shareholders can come with a shovel and pan and manually mine for the company and get some cash coming in. It will be faster than the pilot plant that's for sure.
                  I've noticed PEB and NTL share the dubious similarity of consistently mentioning the potential revenue and the size of what's potentially there. I think I'll take a leaf out of percy's book and stick with companies that are already actually 'well positioned', rather than ones that gloat about potential.

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                  • The irony of it all is that as gold starts to breakout and reach new highs in AUD and NZD, this company is going to go bust (see the gold miners ASX thread for a chart).

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                    • Originally posted by Moosie View Post
                      I see on "the site that shall not be named" that shareholders are starting to say that the price of gold is above $2000 NZD p/oz and that NTL will benefit from this.

                      Let's completely ignore the fact that NTL has exactly $0 in revenue coming in (ie cold, hard reality). There is thus absolutely 0 benefit for NTL, whether gold prices increase or decrease at this point in time.

                      The next argument (for someone bullish and with half a brain...) would be that proven gold reserves could be recalculated at these higher prices. Problem is, history proves that even with a massive run up in prices, the cost of acquisition per oz of reserves barely budges. The long-term average across all deals is $90 USD p/oz, while this is lower at the micro-mining end of the scale.

                      See below for the charts that proves bulls are tugging on a string which isn't attached to anything at all really! Cold, hard reality might hit home when that 0.5 cap raise comes in hard and fast...

                      Click image for larger version

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                      Someone obviously doesn't read this site when they blatantly should.

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                      Rising gold prices mean nothing to a non-producer, as my previous post shows in black and white.

                      Hope and prayer is not an investment strategy!

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                      • Massive, big red flapping flag here. SPPs do not need to be extended by a month because Australia Mail can't get itself together! Pathetic, weak excuse from management who have ballsed up magnificently at every point. Looks like investors have finally had a gutsful after 20 odd years.

                        Looks like it's 1 month until lights out time!

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                        • Apparently the company are ringing up individual shareholders to try and mine some pockets one last time.

                          Extremely desperate measures. Guess that line about Australia Post was all BS, eh?

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                          • Originally posted by Moosie View Post
                            Massive, big red flapping flag here. SPPs do not need to be extended by a month because Australia Mail can't get itself together! Pathetic, weak excuse from management who have ballsed up magnificently at every point. Looks like investors have finally had a gutsful after 20 odd years.

                            Looks like it's 1 month until lights out time!
                            Actually, I disagree. If it is not NZ Post slowness, it is Australia Post and don't forget that NTL is listed on the ASX too.
                            Nearly every time that there is an issue from an ASX company, I have to ring up the registry or company and get them to email the offer document to me because it has not arrived in time for me to take up shares and I have a PO Box and so no postman delivery required.

                            I owned NTL once and made good money after buying at 0.1 cent as a speculative punt but I will not do so again since I think there are too many issues (low level of extraction permit and hence very limited production capability, Green (Government) anti-mining policies, slow progress, limited mining experience, stuff ups with earlier issues and option expiries showing poor management thinking). There are much better opportunities with gold companies on the ASX.

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                            • Originally posted by Moosie View Post
                              Apparently the company are ringing up individual shareholders to try and mine some pockets one last time.

                              Extremely desperate measures. Guess that line about Australia Post was all BS, eh?
                              Yes they rang the silly Bear that holds NTL trying to prize more money from me. Haa not on your life! This is my last remaining mutt share from my early learning to crawl days when I didnt know any better. The Bear has learned to stand up and walk now so I can thankfully say I do not own any Cannasouth nor will I!

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                              • Originally posted by RupertBear View Post

                                Yes they rang the silly Bear that holds NTL trying to prize more money from me. Haa not on your life! This is my last remaining mutt share from my early learning to crawl days when I didnt know any better. The Bear has learned to stand up and walk now so I can thankfully say I do not own any Cannasouth nor will I!
                                Good to hear you are learning from those mistakes, mate. We've all been there - as long as you don't repeat them and look at both sides of the coin you should come out ok in the market.

                                Comment

                                HLG

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