NTL new talisman gold mines limited

NTL - What does OGC de-listing from the NZX mean?

  1. 11,339 Posts.
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    I see that OGC are de-listing from the NZX: https://nzx.com/files/attachments/249042.pdf

    This is good for NTL for a few reasons:

    - NZ residents get a good deal by investing in NZX stocks (no risk of Foreign Investment Funds taxation, although OGC would be exempt from that anyway).

    - NTL will, to my knowledge, be one of (or the) only sole gold stock on the NZX.

    - NTL will be the convenient option to hedge against NZD weakness and invest in gold at the same time.

    While it's a bad thing for the NZX, it could be really good for NTL!
 
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