NTL - New Talisman Mine - New board & Directors

[Daytr]

Lock it in. Forward selling at good prices (hedging) is normal in the Industry.

Not any more it isn't. It's been completely out of vogue for well over a decade, unless its to protect debt, as shareholders want exposure to the gold price. I agree it's a good level though especially with the contango involved.

And before you hedge, you need to know how much you are going to produce.

Gold looks over cooked on the chart to me.
Big over bought signal & now $60 off its highs this morning. Needs to hold that $2,075 area otherwise it could be quite a precipitous drop.

[Toddy]

It would be a great trade then. Forward sell at these over inflated prices and then buy back when they realise that they can't deliver the gold.

[Daytr]

It would be a great trade then. Forward sell at these over inflated prices and then buy back when they realise that they can't deliver the gold.

Potentially, but if gold goes up & they can't produce the gold, the company then goes into receivership.

[whatsup]

Potentially, but if gold goes up & they can't produce the gold, the company then goes into receivership.

Nah, IMHO does a C R to cover that loss, with 700k oz deposit NTL has a good future once they get the necessary permits etc.

[Daytr]

Nah, IMHO does a C R to cover that loss, with 700k oz deposit NTL has a good future once they get the necessary permits etc.

Yep most likely.
After all the shareholders are used to throwing money at it.
Better to buy Put Options.

Or use the forward curve & current volatility & strike an atm collar.
It would look pretty attractive with the current variables.

[ThaiJohn]

And.....another year almost gone

[Daytr]

And.....another year almost gone

No but they will be in production in the 2nd half of 2023!

[ThaiJohn]

No but they will be in production in the 2nd half of 2023!

Excellent!! I look forward to it. Hang on...

[Toddy]

To save money on 'market disclosures' going forward, maybe RUA, CRP and NTL could just make joint market disclosures.

In order not offend anyone, the disclosures would have to follow RUAs board meetings on the full moon.

[nztx]

To save money on 'market disclosures' going forward, maybe RUA, CRP and NTL could just make joint market disclosures.

In order not offend anyone, the disclosures would have to follow RUAs board meetings on the full moon.

Hey come on now - you don't want to sent NZX bankrupt just yet before NTL slaps the gold on the deck ?

Poor old NZX looks to be farewelling further fee paying listers as it is .. again