Gold up again to $1256 USD or $1645 in AUD.
Additionally this week two debt instalments will be paid.
ALCIP will be repaid US$1.1 million, leaving 5 payments remaining
Redeem unsecured Redeemable Preference Shares US$700K, leaving 7 payments remaining
Interesting side note: As reported by the IMF Russia added 31.1 tonnes to its gold reserves in January 2017, bringing them to around 1,645 tonnes as against China’s figure of 1,842.6 tonnes, so if the latest purchase levels are repeated for the next 7 months, then Russian gold reserves could overhaul those of China by the start of the fourth quarter of the year.
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