RE:Price of Goldwe get pulled down somewhat by TUD's weakness, but not as much as they do.
they will eventually pull the trigger on another financing. Then everyone realizes that we basically got 20% of that financing for FREE. After that we usually widen the spread to TUD.
It will keep happening until the production decsion.
A lot happier holding TUO than TUD.
Spread in return over ltm is around 90% in our favour
Be patient, we have a free ride to production decision care of TUD!!!
NineLives wrote: Getting ready for the next leg up as the US economy slows down. June gold at $2.320 up $15 on the back of weaker non farm numbers.
Be nice to see some decent bids on TUO instead of this slow grind down back to where it began.
Looking forward to the 2024 exploration season and hopefully a resurgence of interest into junior exploration companies, something that's been lacking for the past 12 months.