This one popped up on chart scan today. Chart looks primed for a good run.
Looked over the company briefly, and will dig a bit deeper tomorrow but will likely take a small position.
Economic grades, and I expect further appreciation in gold price over the next year or two. In-country partner significantly de-risks the project. Solid equity backers. Good infrastructure. High confidence in debt funding coming through.
Only potential issue for me is management/directors don't appear heavily invested which is a bit off-putting.
Need to refresh my knowledge on the area, and sovereign risk factors in Indonesia.
NUS Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held
