capital raisings, page-2

Yeah, we were discussing this yesterday under the "oxymoron, gold majors and cashflow" thread. It's global, trtkjd1, the gold mining industry across the development/production cycle is in dire straights not just Australia. All those companies you mention are in the toilet or extinct for good reason, and the financial crisis has highlighted their plight. Fortunately there are some producers with low costs, no hedging, clean balance sheets (what kcn's Gavin Thomas sarcastically referred to as "lazy" balance sheets at his AGM), which are at all-time highs.

The good news is investors are wising up; let the dogs die and put shareholders out of their misery I say. All better for gold investors in the long run. Gold production on the whole is a con game between the banks, brokers and mining executives, with shareholders the big losers. Just my irrelevant opinion of course.

Rowingboat