NBR has hated on NTL for as long as I can remember. Years of...

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robbo24

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04/09/17

09:54

Post #: 26970432
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Originally posted by Bluemanarc ↑

NBR Interview and Article 4/9
I will give you guys a summary.
Comments are from what Calida Smylie said in the interview, what she wrote in the article.
And what Mat Hill said in the interview and also what he has said previously, so as all media does these are quoted a tad haphazardly, but here we go.

She did an interview 1 year ago and since their have been a lot of developments at the mine, and they have ramped up operations since then she thought it would be time to do another update.
AND, a few shareholders had contacted her recently (probably some of the posters on here I would think) wanting to know answers on why they had asked for more money through the SPP when just 1 month ago they had said they were fully funded.

She asked that question to Mat Hill who said:

My paraphrasing here:
"Since getting NEW INFORMATION they have upgraded the resources at the mine and want to raise more cash to speed up the process and take mining to higher levels".
They want to extract maximum allowed from Dubbo - that seems to be where the money is.
Their is more gold at higher grades that what they thought.

The reporter asked why have the capital raise first and then release the report.
And whether it will be out before the rights issue closed on Sep 22 (she obviously interviewed him a few days ago, bit slow on the reporting and publishing aye).

Matt said:
"14 working says, it is with the technical gentlemen and the technical delivery of resources is not an exact specific science"
"I assume it would be out in the market place as required by disclosure as soon as its complete".

25/8 family stake reshake from company interests to personal interests was this mere coincidence ?

Mr Hill says "Coincidentally my father restructured the family trusts pending redomicile and I was not involved in the restructuring, there has been no change in the ultimate hill family holding"

I also saw a comment that said: "resource consent to mine will be triggered latter this year"
Not sure if this was old news or not.

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NBR has hated on NTL for as long as I can remember. Years of sarcastic little articles that do not even brush up against journalism or financial analysis. Not sure what Calida could be moaning about this time round.

NTL Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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NBR has hated on NTL for as long as I can remember. Years of...

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