That’s Not NTLs mine throw is it.
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Gold up over the US$1600 NZD$2500
So what? It's absolutely pointless telling us this when NTLs gold is in the ground with no proof that its coming out any time soon...
Gold is trending in one direction (up) and shows no sign of stopping.
I'd agree with your statment if things were stagnant and no progress was being made. Be it slow, progress is being made and they are getting there.
They can't just pull it out of there A$$ every step has red tape and hoops to jump through. Once they kick it off it sets in motion a number of things so to do so half cocked would be only a fools game.
The company is well aware that share holders want to see gold but as above its not a simple task and takes time.
You sound frustrated or worried about it youngatheart - best thing to do is get on the phone go out and visit the mine this will more than likely ease your concerns
Gold price was always going to go up, so its no surprise, but I also note some of the share markets are also down, as I predicted.
You have to look quite far to find stocks that are not affected by the chinese shut down.
As the scale of the impact of the virus slowly filters through to the general knum nuts of shareholders accross the world.
There will be a clear run towards gold sounding share names, regardless of whether NTL are producing gold or not, the fact there is gold in the ground that can at some stage be taken out of the ground, is all that matters.
Who in their right mind will keep holding shares in Airlines, tourism, food exporters to china, manufacturing companies relying on inputs from the factory of the world, etc etc.
I for one have already moved all my families kiwisaver and other funds across to conservative and will keep it there for the next 2 years.
As long as the POG keeps going up I’m quite happy to stay in NTL. Just means once they kick off the SP will reflect it. If it drops down to .005 or lower I’ll buy more. Call me a fool but at the moment it’s not a bad place to be. Seen a few big drops today and funnily looking at the ASX a lot of the small caps done quite well.
Also if the market continues to fall over the next month or two and then steadys. all of a sudden those who are selling out everywhere now to cash up will have money to throw at something. all NTL have to do is time some positive announcements and yeeha 👍👍👍