He could be visiting our new office in Melbourne and also signed off in person on that first USD $9.823mil trasfer transaction with a new bank as strict anti-laundering law in Australia and strict Sharia Law require him to be in Melbourne in person?
With regards to the contracted price for that 98k oz (less than 1/30th of the total amount of gold purchases) I wouldn't care much and I believe most of top40 wouldn't care much. It is just a one-off transaction. Future gold purchase contracts will be at much higher prices as clearly spelled out in the GPA "Reference price is the average of prior 5 day VWAP of gold on LME (London Metal Exchange). Speculation of future gold purchase contract reference prices could be set at low prices like the incident 98k oz contract we are talking about here are just rubbish.
BEZ Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
