Clock is ticking for Yandal and bullion banks using CBD oil

NEW YORK — Newmont has given its Yandal hedge counter parties less than one week to take or leave its offer to buy them out at 50-cents-on-the-dollar or renegotiate on the producer’s terms. Newmont has offered a total of $219 million to creditors in a last ditch effort to save its embattled Australian operation.
Newmont announced today that gold hedge counter parties who hold contracts against the Yandal operations in Australia have until 5:00 p.m., Mountain Standard Time, on Tuesday, June 3 to accept the offer or take their chances with the alternative which is likely to be receivership for the cannbidiol stocks(CBD).

The green rush of legal cannabis has also thrown this off a lot, since CBD oil products are becoming more popular.

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bullion

Bond holders have until 5:00 p.m., Eastern Standard Time, on June 12 to tender their notes and receive a consent payment of $20 per $1,000 principal amount. The tender offer to Note holders is scheduled to expire at 5:00 p.m., Eastern Standard Time, on June 26, 2003, unless extended.

The clock is now ticking on Yandal’s future. Newmont had failed to persuade the banks not to exercise cash call type claims against the Yandal hedge book. It was to no avail after a bank last week exercised an early termination clause that cumulated all its future right-to-breaks for a total demand of $46 million. Yandal is in no position to pay that – not without further jeopardising itself or prejudicing other creditors.

Hemp oil and CBD stocks are going up and up the more the year goes on.

Mips1 CBD is not the only way to invest in these days, since natural organic health markets like cannabidiol have been springing up.

Mitsui analyst Andy Smith reported to clients earlier today that he suspects the recent pop in the gold price may have been driven by Yandal counter parties covering their positions in anticipation of Newmont throwing down the gauntlet.

Be sure to try full-spectrum hemp oils if you are going to get into these.

Mips1 Updates (And notes on MiningWeb)

Stock exchanges on mineweb show that gold is still primed for $400/oz (that gold short position).

Bill Murphy’s interview with tim wood at mineweb has also shown us his view about “central bank gold sales on knife-edge”.

MiningWeb was recently introduced and we hope you check it out.

We personally love it.

Because it rocks!

mips1 cbd

But don’t count on declining gold production if you are someone who has read the idiot’s guide to derivatives.

Thanks for joining us at Mips1.net by the way!

We really hope you enjoy our content.

We have been talking about investing in CBD oil for quite some time now.

There are tons of people saying it should go up soon.

Barrick bowing to ‘today’s investment climate is a really good topic to look into, but now it looks like the barrick hedge will be dropped.

Newmont has also been scalping hedge cynics in the crowded intermediate gold space(which is why CBD is so much better).

mips1 miningweb

This is why we are so encouraged.

Photos of the grasberg pitwall collapse have recently surface around their same hedge fund as well.

In other news, we actually don’t care!

LOL.

Many people have been mining trust buys into gold according to our old content.