Hi Guys,
Gold appears Off to the Races at present.
A shame gold shares, especially Focus, are not Off to the Races? Share price will follow gold price, but, there is always a lag. Patience will be rewarded, as the value of ounces in the ground will increase with the price of gold and hence our shares. Post take over (assuming its a done deal?) having doubled resorces and reserves into a rising gold price sounds good to me. The icing on the cake is the strong liklehood that 8 drilling rigs will expand these reserves and resources, and if Nepean is drilled???
The potential "fly in the ointment", or at the very least a puzzling distraction IMHO, is the 5.9% holding in CRE just purchased by Stone Mining Limited of Hong Kong.
Follow this link for what the ASX have released for this transaction: http://www.asx.com.au/asxpdf/20110801/pdf/420447pgm5l3b0.pdf
An interesting read. Any guess what they are up to?
A fool and his money are soon parted, according to an old saying. In my experience, it is very difficult to part a Chinese Gentleman from his money!
DYOR
K
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