RE: Price9 Aug 2025 11:27
The problem for the traders is if they sliced or sold out thinking they'd get another drop Friday to buy back in it has been proved as futile as the momentum just kept going and the buying pressure is too strong. If they want a piece of the action, they'll have to pay and if this doesn't drop and rises...there is going to be a tsunami of buys as people will not want to miss out and they will realise something is cooking if they don't think that already. Friday last hour proves that this rise is the real deal, it just kept going.
Alot of news flow had been delayed or pushed back......but for me this was management waiting for the bondholder vote to finally pass. Without that, i dont think they could have continued with their plans....but now with a liquid market, a bit of swag, a bit of promotion, director buys, action on the crypto front and from the mines and tailings coming online this is just a no brainer at the moment in an all time high Gold price and quite simply exciting at these levels.
The most suppressed miners in this market (will coil up and spring with vigour....forecast for Fed to cut one 25-basis-point rate cut in September followed by three more quarter-point cuts before the Fed pauses which will be music to producers and miners ears. I note reports of gold price aiming for $3700 by end of year and predictions double this value by 2030.
NTVO is behind the curve due to its difficulties but the evidence is there to see with other producers and miners on the markets that it is simply too cheap and has catching up to do. These are pretty much the most perfect conditions to be producing in a low AISC region in a long long time and as Richard has bought in, he clearly says the value play this could be.