IT'S easy to overlook many in the resources game when all the hype is about iron ore, coal, gold, nickel, copper and uranium, to name just a few commodities on the metal and mining spectrum. It means that some good results are overlooked by many investors. So let's take a look at some of the lesser lights and what they have done in the past week.
Great Australian Resources (GAU) has consolidated its platinum projects in South Africa after agreeing to pay 17.5 million shares (worth $4.9 million on GAU's closing share price on Friday) to buy the outstanding 50 per cent interest in Platinum Mining Ventures. It comes after fellow Australian platinum play Sylvania Resources agreed to purchase a 19.9 per cent cornerstone stake in GAU last month for $4 million. The deal with Platinum Mining Ventures gives GAU full ownership of the Mooiplats project and two exploration plays. Platinum recently traded at a record price above $US1300 an ounce.
GAU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
