Same edition..
March 26, 2008
Collected Wisdom
By Michael Feller
Another recommendation from last week’s column has shot to prominence this week. Lihir Gold (LGL), which has launched a friendly $1.1 billion bid for West African gold miner Equigold NL (EQI), is bound to see more choppy trade after a mixed market reaction, but its speculative buy recommendation is now firming. (See today's column from Tom Elliott.) One newsletter sees real potential in Equigold’s portfolio of exploration licences in the Ivory Coast and Lihir’s identification of a “major mineralised zone” on Lihir Island that could lead to a resource upgrade. Although gold has pulled back from recent $US1000 highs, and while merger negotiations may see Lihir track sideways for some time, LGL remains a speculative buy at current prices.
Same edition.. March 26, 2008 Collected WisdomBy Michael...
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 607 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 372 | 2 |
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