Thistle Mining: Charts & Fundamentals

The company wants to attract new equity finance, possibly to repay some of its debt and to finance its non-South African developments. But the current sp is not conducive to that. The obvious thing to do is to remove some of the uncertainty and risk with the company by taking out more put options. Then when the next RNS is released, hopefully showing costs around $450 an oz, an income stream above that is reasonably secure. So I hope the management was sensible enough to take advantage of the temporary spike in gold prices to further hedge its future production at over $500 an oz. If they were to do this, the sp would start to motor and its backers would be more inclined to offer further short term debt finance if needed. I can't see why the management wouldn't do this: I hope they have.