On a slow news day attached extract from Article in Business Insider today re Independence Group.
IMO Surely Gor is ripe for its day in limelight soon, re Aus $ Gold price, identified resources, ground, potential etc etc.
Good luck to all holders.
Cheers Aussie
Shares in Independence Group, which has three mines in Western Australia, jumped higher in early trade.
A short time ago, they were up more than 10% to $3.26, pushing the miner and explorer to a market capitalisation of more than $1.6 billion.
There was no official announcement to explain the rise.
However, there have been unconfirmed reports of takeover interest centred around Independence Group's 30% holding in the Tropicana gold mine east of Kalgoorlie. AngloGold Ashanti has the rest of the mine.
The open pit mine is one of Australia’s lowest cost producers of gold with a cash cost of $675 an ounce, according to 2016 forecasts. The precious metal is currently trading at $US1,254.
GOR Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
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