Ann: Norton to raise $27.7m at 31% premium - to r, page-13

re: Ann: Norton to raise $27.7m at 31% premiu... http://en.wikipedia.org/wiki/Zijin_Mining

From wiki, it seems Zijin currently produce 69 ton of gold a year. That is 2.2 million ounces of production.

Realistically this is as monumental as a company like NCM buying into NGF at a 30% premium.

This is a serious world player on the gold scene, not some investment fund looking to make a quick buck by flipping shares.

Still dont think the market has truly absorbed this.