re: Ann: RAU enters into agreement to sell Am... LionGold just about out Signature Metals (SBL) and is in the process of taking over Castlemain Gold (CGT) on the ASX. They own other gold assets across the world as well. Looks like they are going for under-valued gold companies. At $1.00 a share, LionGold will soon be considered under-valued but investors in Singapore have a lot of money and we should see a huge spike in the LionGold share price. It already spiked to over $1.25 when they got control of SBL. Once the acceptance of CGT gets over 50% we should see it go over $1.25 again easily... and if they get RAU and do something with it then I suppose $1.50-$2.00 a share would be something to look forward to.
Without LionGold, RAU would be going bust anyway.
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