NTL new talisman gold mines limited

BIG WEEK OR TIMING THE RUN?

  1. 144 Posts.
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    Exciting week ahead with 31 May deadline and preliminary fiinal results due out. Wonder which of the two the announcement will look like given the timelines and statements made by the company in its market releases made previously.

    A)

    We are pleased to announce the company has met all expectations and has completed mining and producing gold concentrate from the 300T it advised it would produce in May.

    The plant has produced xxx gt which equates to a recovery rate of xxx%

    As announced it previously would the company has now completed sampling the exciting Mystery South Vein previously overlooked sent for assay in November and attach the JORC table 1 for this exciting vein.

    TFM have been very busy in completing the second egress and producing the 300t which has resulted in xxx kg of produced concentrate.

    As outlined we have identified a number of refiners and the concentrate sent to them resulted in the company being profitable with $XXX earnings from gold sales.
    The company is now cashflow positive

    OR

    B)

    The company bought a plant and entered into a processing agreement during the year.

    The company successfully raised more money last financial year.

    Management have commenced testing the plant purchased last year and intend to produce concentrate by May but are currently "timing the run"

    The company intends to enter the mine and commence mining the 300T but management is "timing the run"

    Management have successfully identified a second egress and will "time the run" to commence work in the future.

    Refiners have been identified and management intend to make the calls to them but are currently "timing the run".

    The audit is going great with new auditors appointed mid audit and the preliminary this week will show that we are "timing the run" with running out of money.

    We would like to thank all our supportive shareholders and commend ourselves on another great year timing the run. We are definatelty not timing the run on paying ourselves....well done us!!

    Last edited by Johnycomelately: 26/05/25
 
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