One interesting fact about this stock is that it's the only listed, NZD denominated gold stock in the world. OGC has some NZ interests but it is not a pure NZD gold play and it is no longer listed on the NZX.
Essentially, when NTL produces it will be a unique financial instrument because it will be long gold and short NZD. If you think USD will ultimately go up, then NZD will ultimately go down. Interesting hedge possibilities there.
NTL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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