Ann: Red Lake Acquisition Investor Presentation, page-6

Explains why sp has been relatively weak over past month.

Another Goldie expanding overseas, paying top dollar in the hope of turning the asset around to make bigger profits in future.

As with most of these, short term pain, but if they can successfully return mine back to full production and gold price holds or strengthens then medium to long term will create significant shareholder value.

Sadly debt funded, as the reason I invested in Goldie’s was to avoid the debt system most of us see as unsustainable but since most of us also expect gold to strengthen in price over next few years they should be able to repay quickly or sell non core assets.

Tentative thumps up for the medium to long term