Its not that unusual for price to move steadily in one direction for a few hours or more. However it is looking like a bit of a breakout on the upside
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Its not that unusual for price to move steadily in one direction for a few hours or more. However it is looking like a bit of a breakout on the upside
Attachment 10609
Very disappointing to see such slow progress.
Maybe a couple of directors should be down there with a crusher and sluicing pan, at least producing some gold.
Lucky I have property trading making me big money, and I can chuck in another lazy 15k to help support them get this thing going.
Bought something 325k under asking price and flicking it now, that's an easy 250k profit, a lot faster than shares.
Shares is boringly slow.
You can lose a lot of money on a squiggly line, at least property you have more control.
I am doubling down and looking forward to actually seeing some gold and see how this long long term investment turns out.
Next time, someone in property says, "This could be a goldmine" - I will tell them to **** off I am not interested :)
Gold at $2045/oz this morning - got to be good for NTL
Within 1 week we will have some ultra great announcements from the Company. It is only words that will move the S/P
The gold price is irrevelant at the mo as there is no gold to be sold.It's all very well to look at the rising value of the ore at the mine.but they need to get it out and refine it first!
Because the gold is locked up in quartz?
I'd be happier knowing the directors were fronting up $15000 each to support the offer. But the documentation is quiet on this.
Have to disagree there, haewai. It hasn't been above NZ$2000 in the last twelve months until the start of this month, June.
It's up to $2064 now. And NTL is up 16% today!
https://goldprice.org/charts/history...ar_o_x_nzd.png
https://goldprice.org/charts/history...th_o_x_usd.png
And as pointed out innumerable times, the price of gold is irrelevant until there is some in hand.