Hi After reading todays announcement I have sold .I have placed...

First 6 Last

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

Top Stories

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

PIQ

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

	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

Hi After reading todays announcement I have sold .I have placed...

Top Stories

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Featured News