SAR 0.00% $4.69 saracen mineral holdings limited

business 101, page-22

  1. 397 Posts.
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    Gold now over $1600, that is actually a very good price compared to its historical value, Gold miners should be making record profits and dishing out the returns to share holders.

    $30mill is $30mill, for a small cap, that's a lot regardless of how spin it.

    miners out of favor, but they just keep chasing expansion instead of returns, then the situation changes and they find themselves with a load of debt they can't service.

    I continue to watch, best hope for Gold, Cyprus bank collapse followed by Euro contagion, Gold could get really hot then.

    DYOR I make wild guesses.
 
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