RE:RE:RE:RE:RE:RE:Impaired logic >>>Page 22
that loss is in the pe thousands... the mine was charged bak for this as a fine 3 failure to deliver..
yes its madness.. the company failed to deliver 1000metric tons to concord...
triple stream is a seperate beast and deals in gold silver,, Moly @ NCI is not recovered..
otw - i am simply exiting most of the main board and will short/balance.
i will offset the 6.5% margin fee with a canacord bond that i hold for their 5% interest/parity (dec )
this is going to B a very nasty slide.. there is too much insider interbank up in canada..
otw follow the TMX board..
otw - sorry abut the board,, its about the only one outthere... and yes its become contaminated w nazi hunters - shoot U neighbor in the bak of head @ the dinner table w anti rumpers...
we did get a poster here a couple days ago who pasted the conditions or Concord Contracting- type contracts... reduced these monstrous gains into reality when shipping concentrate...
NCI failed to deliver 1000 metric tons...
concord and triple flagg are two diffrent companies.. tripple flag may B owned by Payla in part or whole ? close relationship... leads me to think Vlad has some connection w Barrik Gold before he purchased NCI..
true he is an investor.. otw he simply needs to sell - i cannot continue to offset his interest collection plate.. NCI is too expensive to hold @ this point...
d) Hedging Arrangements
Under the Working Capital Facility (note 4), the Company has the ability to fix the price of payable copper
for monthly volumes to be delivered to Concord under its offtake arrangements with Concord on a rolling
basis, allowing the Company to fix the price of copper to be delivered for an agreed period of time. Under
these arrangements, the Company will be required to provide cash collateral to Concord in the event that
during the course of such arrangements, as tested on a weekly basis, the variation margin exposure to Concord
is over an agreed threshold amount, currently fixed at $3,500. The Company fixed the pricing of 325 metric
tonnes of payable copper delivered per month totalling 1,950 metric tonnes for the first six months of 2021
with prices ranging between $6,394 and $6,402 per metric tonne of payable copper. During the six months
ending June 30, 2021, the Company delivered 945 metric tonnes of copper under this hedging arrangement
and recognized a loss of $3,075 due to the delivery shortfall. Since June 30, 2021 the Company has had no
outstanding hedge positions. As at September 30, 2021, the Company has no outstanding hedge