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$15.00 northern star resources ltd

I don’t think any reputable or serious person would think the...

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laverda3

32 Posts.

9

25/07/24

20:45

Post #: 74921287
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Originally posted by elixer8: ↑

I didn't mean to say buy out the entire hedge book, even it was, for some reason, offered for sale.

I was suggesting to buy out the hedges available, perhaps swapped for gold bullion so no cash changes hands - maybe 25% of the hedge.

These are not normal times, and as I said, I suspect gold will double in the next four years.

I agree with your figures of 25% of production, unless the hedges are taken over a longer period, say seven years. Mr Tonkin did claim at a General Meeting that the hedge book was only 17%.??

Let's say John is right about the hedging strategy, but the gold price doubles in four years. Now a projected $870 million dollar loss, has risen to something astronomical!

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I don’t think any reputable or serious person would think the gold price is going to double in four years.

NST Price at posting: $14.29 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $15.00		Change -0.070(0.46%)		Mkt cap ! $17.23B

Open	High	Low	Value	Volume
$14.95	$15.16	$14.94	$52.88M	3.522M

Buyers (Bids)

No.	Vol.	Price($)
2	13788	$14.99

Sellers (Offers)

Price($)	Vol.	No.
$15.01	9267	3

View Market Depth

No.	Vol.	Price($)
2	13788	14.990
2	1837	14.970
2	9178	14.960
2	20386	14.940
1	14704	14.930

Price($)	Vol.	No.
15.010	9267	3
15.020	29480	2
15.030	25704	3
15.040	26461	3
15.050	24547	3

Last trade - 16.10pm 29/08/2024 (20 minute delay)

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