not looking good, page-2

The last quarterly cash report said NTL had $440,000 on hand and planned development expenses of $150,000.

In the interim, NTL sold shares in BPL to the tune of about $200,000 or so (can't remember exactly how much). NTL has enough money to keep ticking over for the time being but getting around to getting gold out of the ground is key.

The Traffic Management Plan is obviously holding things up for the company to begin its bulk sampling project.

The company is seemingly awaiting some particular event to progress its JV with Newcrest and is also in discussions with a Chinese outfit - lest we forget the price of gold in NZD terms is attractive right now.

Someone must have run out of patience yesterday, albeit there was enough interest to buy up their shares.