NTL new talisman gold mines limited

Jonu Finally fessed up

  1. 169 Posts.
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    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!!

 
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