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Tuesday, January 28, 2020

NQ Minerals

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NQ Retains US Law Firm to Assist in Formation of ADR Listing in the United States

22 January 2020


London listed NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), the base and precious metals producer from its flagship Hellyer Gold Mine (“Hellyer”) in Tasmania Australia, is pleased to announce that it has retained the services of US Securities Law firm Ortoli Rosenstadt LLP to pursue a potential ADR listing of the Company’s securities in the United States. Ortoli Rosenstadt LLP is an internationally focused, New York based law firm. No timetable for a listing has been set.
David Lenigas, Chairman of NQ Minerals, commented:
“In an effort to continue driving shareholder value, we feel that having an ADR traded in the United States will provide additional liquidity and exposure of the Company’s stock in the world’s largest capital market. We have had significant interest from North American investors and believe that having an ADR will better facilitate their ability to acquire shares in NQ Minerals Plc.”
William Rosenstadt, managing partner of Ortoli Rosenstadt LLP stated:
“We are very excited to assist NQ Minerals Plc in reaching its goal of becoming a world class public company. We have noted the significant progress the Company has made over the past year and believe that having an ADR available to the market will be a significant step in reaching that goal.”


About NQ Minerals
NQ Minerals is an Australian-based mining company which commenced production in Q4 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects. Please visit our website at www.nqminerals.com.

For further information, please contact: info@fngassociates.com


Sunday, January 26, 2020

UK Passport Expiry Date Problems

UK Passport Expiry Date Problems

I've a UK Passport expiring in May, thus less than 6 months which is a problem with travelling to some countries as they require more than 6 months validity!
I live in Thailand and my visa was expiring 22 January so I needed to leave Thailand and then re-enter to get a further one month. Of course I should have renewed my UK Passport earlier but didn't due to a number of problems!
But anyway, after checking with contacts at Thai Immigration and the Singapore Embassy, a trip was booked through  (all passport details including expiry date were correctly entered on the booking form - should the airline have actually refused the booking?) flying with Scoot, departing Don Muang (DMK) in Bangkok 23:15, 22nd January to Singapore and returning with another airline from Singapore at 07:10 23rd January to Suvarnabhumi (BKK) in Bangkok! The whole trip would have been in effect a transfer without me having to clear Singapore Immigration!
So, imagine my horror when I wasn't allowed to even check-in at Don Muang and Scoot even refused any refund even though it was in effect they who cancelled my trip!
To make matters worse, a member of my Thai family had died the preceding Sunday and the funeral was Thursday 23rd January and of course I had to attend!
I am in discussion with Bravofly who of course refuse to budge so far but to be fair, the problem lies with the airline Scoot! An additional problem now is that I'm liable for a 500 THB fine per day from Thai Immigration for overstay!
A complex situation...
A satisfactory solution for all of this would be for Scoot (the airline) to organize a re-run of the trip ensuring I had absolutely nothing to pay - including immigration fines and expenses travelling to and from the airports!
Am I being fair here? I think so as I'm not asking for compensation in any way even considering all the lost time and stress involved!

To date:-
Contacted the UK's ABTA & ATOL
Filed a complaint against Scoot with Singapore Consumer Protection- will be progressed to CASE in Singapore
Filed a complaint with Thai Consumer Protection. OCPB0163/01262
Contacted BravoFly - no help but no surprise - many complaints on the internet about them!
Contacted Singapore Airlines as to my surprise, Scoot is a subsidiary of the world renowned  Singapore Airlines so imho all of this does not show them in a very good light does it? Surprisingly nothing yet received in response!
 Scoot also refuse any compensation (at the very least full refund). It is now apparent to myself that Scoot, being a Singapore airline, have only a limited knowledge of Singapore immigration policy especially regarding transfers (ie those who arrive in Singapore but who don't need to clear immigration as they are travelling further). Note also that there are many complaints on the internet about Scoot!
My impression so far - both BravoFly and Scoot are thieves! Also, as the passport expiry date was entered into the booking system then at the very least, Scoot should have declined the booking as it didn't fit in with their understanding of Singapore Immigration!
In my last correspondence with Scoot, I asked whether all of this would have been a problem if I had been flying from Bangkok via Singapore to the UK and so far no answer which in my eyes is Scoot seeing that they are TOTALLY IN THE WRONG with this! 
 Watch this space for further developments...

Friday, January 24, 2020

How to pitch your start up, secure funding

How to pitch your start up, secure funding 

If you are looking to start a new business and looking for help with funding you will need to attract funding. Pitch Deck has been helping “Start Up” companies in the UK prepare pitches so that company owners can successfully raise capital for their business ventures.

If you would like to find out more, how to use their services please email info@fngassociates.com and we will help you get on the right path.


Friday, January 17, 2020

Make Money from Mining

If you want to make money from mining, this looks very interesting does it not?

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Hellyer Mine Fourth Quarter Unaudited Financial and Production Results

13 January 2020


London listed NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), the base and precious metals producer from its flagship Hellyer Gold Mine (“Hellyer”) in Tasmania Australia, is pleased to announce its Fourth Quarter (“Q4 2019”) provisional and unaudited operating financial results and production results from NQ’s 100% owned subsidiary Hellyer Gold Mines Pty Ltd.
Provisional Q4 and 2019 Full Year unaudited financial Summary:
Improved operating conditions and metallurgical recoveries at Hellyer realised unaudited Q4 2019 gross revenues of A$15.5m (A$14.7m – Q3 2019) and gross profits from operations of A$7.4m (vs A$6.2m – Q3 2019) and operating profits of A$4.8m (A$3.9m – Q3 2019). These results do not factor in associated costs at the Plc level.
The results of operations have shown consistent and significant improvements on a quarter over quarter basis through 2019. This positive trend in operating results is illustrated as follows:
Table 1: Hellyer Gold Mine Pty Operating Results (In AUD)
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Hellyer Mine Production Summary:
Fourth Quarter (“Q4”) production therefore also resulted in a record with 8,160 tonnes of lead concentrate and 4,904 tonnes of zinc concentrate production. Refer to Table 2.
Table 2: Hellyer Operations – Production Performance for Q4 2019.
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David Lenigas, Chairman of NQ Minerals, commented:
“2019 has been a transformational year for NQ Minerals. Improvements at the operational level have translated in to increased operating profits at Hellyer on a quarter over quarter basis. Since announcing commercial production in January of 2019, we have consistently delivered improvements to our operational results. The combination of improved financial results and strategic initiatives undertaken to secure the mineral deposits below Hellyer position us to create significant value in the near and long term."

About NQ Minerals
NQ Minerals is an Australian-based mining company which commenced production in Q4 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects. Please visit our website at www.nqminerals.com.
Competent Person’s Statement
The information in this report that relates to the Hellyer Gold Mine is based on information compiled by Roger Jackson, an Executive Director of the Company, who is a 20+ year Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a Member of Australian Institute of Company Directors. Mr. Jackson has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves”. Mr. Jackson consents to the inclusion of the data contained in relevant resource reports used for this announcement as well as the matters, form and context in which the relevant data appears.
For further information, please contact:
NQ Minerals plc:
David Lenigas, Chairman
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Colin Sutherland, Chief Financial Officer
Tel: +1 416 452 2166 (North America)
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Media Enquiries:
Graham Herring/ Tim Metcalfe
IFC Advisory
Tel: +44 (0) 7793 839 024 (United Kingdom)
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Corporate Adviser:
First Sentinel Corporate Finance Limited
Brian Stockbridge/Liza Vasilyeva
Tel: +44 207 183 7407 (United Kingdom)

For more information click here or see below.