Disappointing Updates, page-5

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Riki8

126 Posts.

31/01/17

19:45

Post #: 22264943

Originally posted by BK47 ↑

How can NTL explain their projected development costs being dwarfed by their Staff, Admin and Corporate costs yet still spend over half a million in one quarter???

Column 1 Column 2 Column 3

1 9.
Estimated cash outflows for next quarter
$NZ’000

2 9.1
Exploration and evaluation
Nil

3 9.2
Development
200,000

4 9.3
Production
Nil

5 9.4
Staff costs
56,650

6 9.5
Administration and corporate costs
275,000

7 9.6
Other (provide details if material)
Nil

8 9.7
Total estimated cash outflows
531,650

It has to be the TMP... Why spend money on a mine if you have no guarantee you can access it!!!!

It appears NTL has gone backwards ("continues to engage with the council and other stakeholders to achieve a design")

I have some inside knowledge of a NZ residential section development where the access was almost identical from a main road. In that case the developer was forced to pay for new turning bays and road widening on the main road, tar sealing, storm water and widening of the access road and the big kicker the replacement of a one lane bridge with a two lane bridge also on the access road.

Trust me this roadway will cost a small fortune if the Hauraki Council demands half decent upgrades!!!!

It doesn't matter if your CEO has stock if shareholders let them draw well over $1,000,000 in salary until the money runs out...

Not many cheerleaders here today after these two announcements!!

Expand

This report has reinforced my belief that management is all talk and nothing else. Anything to show for all the money spend? Nothing worth mentioning. In the meantime, its cash burn and burn. If this scenario goes on for the next two years, the coffers will be empty.

NTL Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held

3 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3
1	9.	Estimated cash outflows for next quarter	$NZ’000
2	9.1	Exploration and evaluation	Nil
3	9.2	Development	200,000
4	9.3	Production	Nil
5	9.4	Staff costs	56,650
6	9.5	Administration and corporate costs	275,000
7	9.6	Other (provide details if material)	Nil
8	9.7	Total estimated cash outflows	531,650

Disappointing Updates, page-5

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