Quite a few Goldies not seeing benefits of gold rise in Annuals because of hedging requirements from funders and miners desperate for the funding. BGL's hedging for Macquarie is an example of many.
MQ's last webinar he let slip that the IDC's terms were "very conservative" which led to sourcing a commercial lender to be involved.
Could MQ turn out to be the genius here? a lot of these Goldie's pulling gold out for not a lot because hedging locked in before inflation causing AIsc to rise at the same time the gold price is rising. WWI would've been reporting similar results if MQ bowed to shareholder and troll pressure and accepted any offer on the table just to get started.
If WWI can earn an EXTRA $500 per ounce for the first 50,000 ounces it produces because of waiting for market conditions and a better funding arrangement, then the wait will be worth it for the extra 25mill on first 50k ounces alone.
Trolls say MQ lifestyle CEO, soon we'll all
say MQ for PM.
Quite a few Goldies not seeing benefits of gold rise in Annuals...
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Mkt cap ! $38.14M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $76.28K | 4.942M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1285558 | 1.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 750000 | 2 |
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