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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