Everyone keeps banging on about how Shandong surely would not inject all those millions if they did not believe it was a fantastic investment,and yet one has to assume that the nonsense that is Laverton with all its rights and royalty issues, was looked at very closely by their advisors, just as one would have to assume the same, concerning what now appears to be a somewhat ailing flagship called Coolgardie.
Yes I understand the premise that there are vast unexplored tenements in the deal,but without enough production to cover what will surely be rapidly haemorrhaging costs,then I would have thought the conclusion has to be that Shandong are more interested in having access to gold strike possibilities, rather than seeing or making a profit for some considerable time in the future.
Chinas' own supply of gold is already proving to be not inexhaustible, and they have to seek out sources elsewhere, at whatever cost, to fuel there future long term plans in my opinion.
Could be completely wrong and is just my opinion.
Good luck all!
FML Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)