Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

New Talisman Gold Mines Ltd (NTL)

New Zealand
Symbol
Exchange
Currency
NTLNew ZealandNZD
NTLSydneyAUD
Currency in NZD
Disclaimer
0.0220
+0.0010(+4.76%)
Closed

NTL Comments

Unannounced trading halt? ZERO volume on Friday???
The Company is now valued at 3200 ounces of gold...
is that a good thing or a bad thing?
Well, ha its hard to tell really. It might be super under-valued (considering their measured and indicated reserves) or over-valued by 3200 ounces if they never produce:)
In the most recent annual report they pat themselves on the back for taking years to even identify a treatment rig provider... New Zealand suppliers have had this capability - are actually known globally for this - what was (and remains) the holdup? Also, they are slipping in "needing to ID a secondary source of ore" as a possible future justification for delaying processing any ore. a bit confusing considering that in 2019 they significantly revised upwards the reserves of economically viable ore. If the published reserves are there, it will take decades to extract. It is possible they have actual gold production as a much lower priority vs their shareholders.
Yeah, mining stocks are a bit risky. But assuming they ever get around to extracting their confirmed and probable reserves (which are worth 26% more than the highest price in 2019 - when they were audited). So the 2 billion dollar question is: When mine open production? 2022? 2023? Im not sure, but you have a smaller scale gravity extraction rig... maybe use it? Some extraction would be better than essentially none? These are hard questions apparently.
Have you bought any Jason?
yes
Average volume rising. Anyone else think its strange the RBNZ holds no gold (since 1993)? All assets held subject to counterparty (default), inflation, and devaluation risks.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.