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.



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.

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