Interesting Yuyang. Do you know much about Pepinnini? It seems for the deal they recently pulled out of with Patron, they needed to pay $1.2m, and had to raise $1m to do so. How are they going to pay $4m for Gilded Rose? I haven't done any more research on them than that. Personally, I would have liked to keep the gold at Gilded Rose, being a soon to be gold miner. It could be worth heaps if gold gets to US$2000. We could have waited for some good news at Burra or Cloncurry, and for a natural turn in the market, and raised enough to start Mt Freda. (Too late now?) Maybe there is so much gold at Cloncurry, one small asset within the mining hub is expendable??
AMG Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
