re: 1 moz gold at calais - nosurprises
nosurprises
Looks interesting. I bumped into an old mate from school and uni that I hadn't seen in 25 years last night. Turns out he's a stockbroker with an interest in gold stocks. Said he's loaded up with ACG and that it hasn't been rerated as yet as it should by the market. He also said that the management is ex-Normandy. Can you confirm the latter??
With its current production putting it in the top 5 local producers and recent high grade discoveries I expect that AGC will be rerated once gold turns around. Currently its below the recent placement price of $1.65 and I note that CBA is a significanty shareholder. Could be one to get onto now and ride the rerating. Instos notoriously take some time after discoveries to redo the numbers - then they go in!
H
AGC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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