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
Hi Guys, Gold appears Off to the Races at present.A shame gold...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $40.11M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $12.79K | 91.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60148 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 14983 | 1 |
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| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |