Lihir Gold closed at its session high up 3.42% on the Nasdaq overnight, despite a slightly lower POG.
Two separate articles in today's edition of the Australian Financial Review comment firstly on Oxiana Resources where the analyst expressed the opinion that OXR may be in for an earnings dilution as a result of the acquision of Rio's stake in one of OXR's projects, and secondly an analyst makes the comment that now that a change is taking place at the top of Sons of Gwalia, the capitalised exploration expenditure appearing in SOG's Balance Sheet at a figure of $300m may be 'shaved'.
Perhaps a rotation will take place, where investors move out of SOG + OXR, and into LHG. Interesting thought.
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