Jonu fessed up at todays meeting.
AFTER SPENDING NEAR 8M NZD THE COMPANY HAS SEEMINGLY NOT PROGRESSED TO EVEN MINE ONE TONNE!!!
+MINING HAS NOT COMMENCED AND NO PRODUCTION FROM MYSTERY AT ALL TO DATE (funny how he patted himself on back for getting company to production in prior announcement)
+All ore processed has been from prior mining by previous team
+Problem at plant with grind size so flotation not being used at all
+Melbourne Refiners paying for concentrate (If they can get the grades up) no refined gold is being seen by Talisman
+COSTS TO GET FULL MINING PERMIT $400K ON GOVT FEES ALONE EXCLUDING LAWYERS DISTRICT PLANNERS ENVIRONMENTAL IMPACT REPORTS ETC
+ALL BOARD WILL CONTINUE TO TAKE FULL FEES EVEN WITH ZERO REVENUE RELYING ON SHAREHOLDERS TO FUND THEM
+ THEY WILL START MINING NEXT MONTH OR THE MONTH AFTER OR MAYBE NEXT YEAR BASED ON PRIOR TIMELINE ACCURACY!!
- Forums
- ASX - By Stock
- NTL
- Jonu Finally fessed up
NTL
new talisman gold mines limited
Add to My Watchlist
0.00%
!
5.8¢

Jonu Finally fessed up
Featured News
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.