If someone wrote CGT into a script people wouldn't believe it:
- sitting on some of the most prodigious gold fields in the world
- gold price near all-time record high @ about $1600
- $16m cash in bank as at 31/12 (excl. reparation bonds)
- mining high grade ore a month ahead of schedule
- owns hard assets with replacement cost in hundreds of millions
Yet still lying flat on the canvas:
- JPM London dumping (>50% of selling)
- sp almost at all time low just above cash backing
Depending whether JPM continue their dumping, this one seems poised to move quickly. Or can it manufacture a way to stay at rock bottom?
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little nibble today, page-19
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