LHG unknown

slam dunk, page-12

  1. 9,081 Posts.
    Not my favoured gold play:

    - poor production record
    - high fixed cost base
    - expansion plans face start up difficulties
    - single mine & associated sovereign risks
    - negative impact of FX movements, high oil price & maintainence costs
    - dilutionary impact of recent $155m (US) capital raising

    There are much better opportunities out there.
 
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Currently unlisted public company.

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