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21/07/08
15:47
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Main Points.
- gold royalties commenced with Reefton. First 1062 ounces delivered (approx A4M/year income)
- buy back completed (OPES Prime mess gone) 3.3M shares cancelled.
- with plenty of money still in the bank (A5.8M)
- drilling on two fronts in the Philippines. (Gambang, Pao)
- More royalties due onstream in next 6-9 months. (Mt Kelly (copper) and Mt Garnet)
- Anglo joins the top shareholders list.
Oxiana 18.7%
Directors 14.9%
Anglo Pacific 9.3%
Riomin Gold 6.8%
This stock is so undervalued at A21M market cap with royalty income already at 4M per annum...
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