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20/08/15

07:17

Post #: 15839269
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Originally posted by hardrock ↑

Where's the DD disclosure? This looks like a massive gamble without some idea of were they are going to start mining. There's probably a good reason that RCF couldn't get this stuff up & mining during a higher gold price?!? They sunk heaps $$$ into it by the look of it.
So how's the capital structure going to look? After this project is 51% bought then companies merged (wtf?!?) then add the inevitable capital raise I reckon NTM might have about 700M shares on issue! A 2.75:1 merger means another 90M NTM shares to RCF right? Plus a capital raise to fund any mining strategy, say $5M@1c. That'll put some weight on the register...
What about the manganese? They'll forget about the too-hard NT manganese stuff now for sure.
Looks like the NTM directors were pretty keen to issue some shares. NTM should've just payed us out 2.8c a share when the NT government gave us the $2.8M compo & shut the bloody door.
Do we get a vote on this or what? Strewth.

Hardrock.

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NTM roughly 100m shares on issue , issuing about 50 to 60m shares for RCF , a good structure . cash $1.5m , no need for an issue . Good location , several mills in the area . up grade the resource to Jorc 2012 , toll treat to local mill or sell the prospect with 80.000 0zs to SBM , at least its got some resources rather than another exploration play like the manganese . thats the way i read it .

NTM Price at posting: 1.7¢ Sentiment: Hold Disclosure: Not Held
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