Make or Break for NTL

I view this as make or break for this company... I find the points below lacking information to make an informed decision on whether to participate.. The lack of a detailed plan when trying to raise 12 million from under 2000 investors is not good.

Point 5 partcularly dissapointing.  What are the obligations???

We need revenues and income being produced almost immediately As promised in point 1 or the company will lose all credibility and the raise will rightly or wrongly be viewed as taking advantage of recent interest to keep salaries rolling for another few years

Have there been NZ job adverts for truck drivers and miners???

Sitting on the fence... Might explode but with billions of shares on issue price may never recover

1. 1)  Initiating the bulk sampling programme and associated works immediately following completion of the raise
   
   
2. 2)  Accelerating the bulk sampling programme to maximise ore extraction within the terms of the granted resource consents which allow for up to 20,000 cubic metres per annum. This will be determined through detailed analysis of the updated prefeasibility study and project plan currently being undertaken.
   
   
3. 3)  Accelerating the transition from bulk sampling to Phase 1 of the longer term production plan upon completion of the definitive feasibility study.
   
   
4. 4)  Identifying additional mineral resources from the recently acquired digitised historic production data and opening up new ground based on targets identified through the recent analysis of the Talisman database
   
   
5. 5)  Fund the Company’s obligations under the Rahu Joint Venture with Newcrest Mining.
   
   
6. 6)  Working Capital requirements