......"The historically high $A1800-plus an oz gold price so far this year has meant gold stocks have been as good a place as any to park some spare cash.
And it will remain that way, as long as the US dollar price for the yellow metal does its hedge thing for global economic and political uncertainty and the Aussie battler stays around the US72c mark.
Against that backdrop, investors stuffed to the gills on the mainly fully-priced leading gold issues, and keen on the potential for quality exploration to amp up their returns, look to be stepping up their junior exposures through on-market purchases and by supporting capital raisings.
Then there is Neil Biddle of Pilbara Minerals lithium fame who has been in the market buying shares in the cashed up Bardoc Gold (ASX:BDC), again with the idea that there is upside to be had in establishing it as a producer.
The phrase “follow the money” comes to mind."............... Indeed
BDC Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
