NTL

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1.7¢ new talisman gold mines limited

You're a scholar and a gent, sir! Will be looking into this...

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ChinaDragon

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08/05/16

16:49

Post #: 17706527
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Originally posted by robbo24 ↑

Hi @rosey2304,

Another poster asked me to answer the same question on a 'short term' stock tipping thread.

The link is here, but for your convenience I replicate my main points (that is, my short term points (minus the map image), below):

1) Newcrest (ASX:NCM, mcap of AU$14bn) and NTL are both subject to a heads of agreement over the Rahu tenement:

2) Last Thursday, Newcrest was granted an exploration license for Rahu. This, to my knowledge, is the first and only time NCM has bothered to get its own permits - so I assume they think there's something special here. OGC's (formerly Newmont's) massive Waihi mine is 20km down the main highway.

3) NTL has previously explored Rahu and has contractual access arrangements and robust data about the location of gold/silver strikes. NCM has an exploration and farm-in agreement with LNY in the surrounding area (as per map).

4) My view is that the heads of agreement will be formalised and the terms will be announced, possibly this week.

5) On another front, recent progress by the company has secured all relevant legal requirements for the Talisman mine (across the highway from Rahu). NTL says within 6 months they will be in limited bulk sampling production of 20,000 cubic meters of ore (grades of between .5 and 453 grams per tonne!)

6) Amer International (247 on the Fortune 500 list) has been negotiating with NTL to become a ‘potentially substantial investor’ particularly with reference to the Talisman mine.

7) Volumes last week are the highest in nearly a decade with share price yet to reach long term resistance. Price up 250% in a week and about 400% since high volume low (reversal) a couple of weeks ago.

My view is that the market may be getting wise to the company, smart money moving in. Take note of this company, keep it on your radar. I have made several long posts on the NTL forum, discussion welcome.

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You're a scholar and a gent, sir!

Will be looking into this company today. If I can get a good entry point then I may well joinn you! Initial concern is that we might have seen the positive upcoming news already priced in but mid term to long term looks interesting.

Thank again!

NTL Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $10.32M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	647616	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	32615	1

View Market Depth

No.	Vol.	Price($)
2	647616	0.016
1	90000	0.011
1	50000	0.010
1	100000	0.009
1	120000	0.008

Price($)	Vol.	No.
0.018	32615	1
0.019	10000	1
0.020	37000	1
0.021	449252	1
0.030	300000	2

Last trade - 16.12pm 06/09/2024 (20 minute delay)

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