Congratulations Artemis. Noah’s Rule has been delighted to work alongside the team at Artemis as Debt and Hedge Adviser on the financing of the Blackwater gold project. This is our second deal in Canada, having worked with many of the senior team at Artemis when they...
Noah’s Rule is very pleased to have acted as Debt and Hedge Adviser to our long standing client Alkane Resources on the finalisation of debt funding for the Tomingley Gold Extension Project
Everything is easy with hindsight. With today’s newspaper we can all tell CEO’s and politicians what they should have done previously to be in the best possible position to deal with today’s issues. But what good is our advice if we aren’t in possession of the newspapers that will be printed in years to come.
Is the pope a Catholic? Do bears s#*t in the woods? Does a one-legged duck swim in circles? Just three of a rather long list of responses you might get from many Australians if you ask a question with a seemingly obvious answer. For example, would you like a beer?
The USD gold price has been on the tear these past 13 weeks. Gold prices in most other currencies have been running hot for quite a bit longer, and the list making new all-time highs this year keeps getting longer, but it’s the USD gold price that drives broader sentiment and it gets the headlines.
Late on New Year’s eve 2017, without a great deal of analysis of the consequences (as tends to happen at that hour when drinking) I announced my 2018 would be alcohol free. My wife, bless her, immediately volunteered to join me, saying the shared challenge would be easier. And boy was she was right about that.
Mining is a risky business. How risky depends on many things. Sometimes I think for mining equity investors it’s a bit like betting on a game of Russian Roulette being played by the CEO. Investors of course must also remember that ‘death’ for the player is often much less painful than it is for them.
Sean Russo and Dave Rowe outline the hedging strategies of Australian gold producers from the 1980’s to today.
Much has been written in the past week or so about the presentation made at the recent Denver Gold Forum by Paulson and Co partner, Marcelo Kim. In short, Kim took aim at outrageous amounts of CEO pay at the big end of the gold mining industry despite the parlous shareholder returns and various investment blunders delivered by most of that same group.