Originally Posted by
Motley Crew
Just referencing my own post #6136. The funds realised from the sale of my rather large NZX holding were mostly reinvested into HLG prior to last Friday's profit announcement. An 80c (17%) gain with a FI 24c dividend to come payable December. That's the first equivalent .001 gain on NTL funds. Try joining the queue to sell at .007 and see how you get on behind 73m others. Looking at HLG SP to move towards $6 as the the div gets closer to payment. I sleep easier knowing I have added to my existing holding of a quality company paying a gross div yield of 10%. In this environment investors are flocking to companies paying any kind of reasonable dividend, let alone those with high yields. With a few decent investments like this the NTL sale proceeds will be worth over .01 equivalent in no time, while the NTL SP drifts off further with inactivity and a falling Gold price. What activities are the NTL directors actually up to at present given they are mostly Aussies. Probably cooped up at home in Oz, sheltering from covid and involving themselves in affairs closer to home. All the while Gold has peaked at just over NZ$3,100 per ounce and is now back at NZ$2,830. Surely the litmus test for the company was to be in a position to take advantage of these high gold prices and have some ore that they could extract gold from to assist cashflow. The fact that they were not in this state of readiness, or were even working towards it while the gold price was going up, just shows their commitment to increasing shareholder wealth, rather than lining their own pockets with overblown directors fees. They have missed the boat. But hey - its easier to tap obliging gold bug shareholders for additional capital to squander, than to actually mine the stuff they reckon they have underground. Maybe this mining lark is just all a bit too difficult - nice glossy pictures and all in the Annual Reports, but they do look highly posed - studying plans by torchlight deep in the mine. Read the bio's of both Charbel Nader and Matt Hill in the 2020 Annual Report - both investment bankers - and tell me how much mining expertise you see. Kind of reinforces the predicament of the company in a nutshell.