NTL

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1.9¢ new talisman gold mines limited

Disappointing Updates, page-6

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towie

35,149 Posts.

961

31/01/17

20:07

Post #: 22265654

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

Hi After reading todays announcement I have sold .I have placed an order for more LNYs who if they come up with good drilling OR NTL ( Via Newcrest ) come up with good drilling results in NZ will also benefit. Was looking forward to NTL being a Winner and I hope to enter at a later ( Maybe Higher price ) Date GLTH Towie

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

3 Upvote

0 Great analysis

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Last 1.9¢		Change 0.000(0.00%)		Mkt cap ! $11.54M

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Disappointing Updates, page-6

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Featured News

Buyers (Bids)

Sellers (Offers)

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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-6

Top Stories

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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Buyers (Bids)

Sellers (Offers)

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