We had a chat with the founder of Noah’s Rule, Sean Russo, to help us build knowledge on a vital aspect of financing mining projects.
The topic is often misunderstood, with many misconceptions out there that we clear up today. We’re all the wiser for hearing what Sean had to say.
All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
Thank you to our Podcast Partners:
Terra Capital – Specialist Investment manager in the natural resources sector
Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more
JP Search – Recruitment specialists for the financial world
K-Drill – Safe, reliable, and productive surface RC drilling
Topdrill – Drilling into the future
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(5:06) Introducing Sean Russo
(7:20) The biggest misconceptions
(10:00) Clearing up the Sons of Gwalia history
(18:06) Predicting gold price by looking at miners’ hedge books
(22:38) Is there actually merit in hedging??
(29:29) High-cost miners tend to gear up the most
(31:38) Foreign exchange in hedging
(35:20) Red5, Calidus and Capricorn – How it Works
(41:40) Hedge Book as a Liability
(46:20) Disclosure Issues?
(51:27) How Did Regis Get Such A Bad Hedge Book?
(59:50) Sons of Gwalia M&A for Hedge Book
(1:00:55) What is Macquarie’s REAL Downside in Calidus Example?
(1:07:17) What’s with the Occupy Wall Street poster?