punctuation? no just how to make moola from investing
Quote:
Originally Posted by
Skol
JB,
Are you sure you haven't paid too much?
Just had a look at TradeMe silver and nothing's selling.
When the bell rings it's going down a lot faster than it's been going up.
Do they teach punctuation in Queenstown?
NAV-bullish? Are we looking at the same stock exchange?
Depth wise NAV is looking good early last week there was much selling depth at 17c -20c friday that had now shrunk to round a third of what it was as well as the SP going from 16c-17c volume was also up soaking up much of the sellers wanting out--like I said SKOL- NAV will make make me min 100% return for a year hold, I'm over half way there now so very confident on operation reports NAV is on track to make a good profits for the year
-So Trademe Silver bullion isn't selling well just shows how unloved Silver bullion is as an investment unlike those great financial companies how many millions will us NZ tax payers be forced to pay to the many investors chasing the yield --reminds me of some of my first posts on ST back in 03 about trying to find major Silver bullion sellers here one guy I was put onto thought I was mad trying to buy a ton of Silver back then at $7-8oz he stated Quite clearly -Silver would not go anywhere fast, whats the bet the guy was loaded up in Financial companies LOL because they pay a yield, An a precious metal mine production that for the last 20yrs hasn't got close to matching the higher demand will go no-where....I might not be the next buffet but my own share Investment company sure as hell out performed his % wise for the last financial year..
you don't end hedges unless you think gold will increase hugely
Did I here you say you might get on board some gold stocks -Skol -now I'm worried
AngloGold Ashanti Plans Share and Bond Sales to Help Terminate Gold Hedges
By Simon Casey - Sep 15, 2010 7:27 AM GMT+1000
AngloGold Ashanti Ltd., Africa’s biggest gold producer, plans to sell 15.8 million new shares and offer bonds that convert into the same number of American depositary receipts to fund an end to its gold hedges.
There will be over-allotment options to sell an additional 2.37 million shares and the same number of convertible bonds, the Johannesburg-based company said today in a statement. The company said it will use the proceeds along with cash on hand and credit facilities to “effectively eliminate its gold hedging position.”
The company’s ADRs, each representing one ordinary share, rose $2.13, or 4.8 percent, to close at $46.72 in New York trading before the bond and stock sales were announced.
AngloGold, in which hedge-fund firm Paulson & Co. holds a 12 percent stake, is among gold-mining companies reducing forward sales of the metal to take advantage of record prices. Producers cut hedges by about 780,000 ounces to 6.75 million ounces in the first quarter, research company GFMS Ltd. said in a June report.
Gold futures for December delivery rose to a record $1,276.50 an ounce on the Comex in New York today.
UBS AG, Morgan Stanley, Citigroup Inc. and Deutsche Bank AG are working for AngloGold on the sales.
To contact the reporter on this story: Simon Casey in London at scasey4@bloomberg.net.
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Gold will look cheap now in years to come
Gold -1273.40 not far from $1300 looking very bullish
- Gold is not Oil
-Gold is far from a bubble checkout the chart below doesn't take a T/A expert to see if GOLD bubbled up like it did back in the late 70's would mean a much higher price than today I'm talking thousands of dollars more.