Ann: Annual Report 2016-NTL.NZ, page-3

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speckledjim1

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30/06/16

09:30

Post #: 18157099
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Originally posted by robbo24 ↑

There's some great info in here.

The first thing that pops out at me is that NTL had to write off Rahu as an asset because it lost the exploration permit. This doesn't really make a difference to me personally because the 20% retention of the interest in the permit now held by $18 billion company Newcrest is worth more to me as a shareholder. The potential for 20% of a functioning Rahu is much greater than 100% of a non-functioning, unexplored Rahu.

On a more positive note, the report goes into detail about the Amer International process and how far down the track they actually are. At this stage I am against the terms of their proposed takeover unless the price is very agreeable to me.

The report discusses grades and some more about the targets for mining. Really good details but some of the pictures are a bit blurry - might have to hit up the company for some better pics!

I see at the end of March there was about 2000 NTL shareholders. If every one of them put in $1000 then the bulk sampling project will be a reality. Based on this calculation, I have accepted and applied for rights for tens upon tens of shareholders. Let's go NTL!

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Do you know when they will actually start producing?

Thanks

NTL Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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Ann: Annual Report 2016-NTL.NZ, page-3

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