Surely you don't mean 31 / 32 cents??? :eek2:
I'm gobsmacked........ haha
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This made me think of NTL when it arrived today: from someone in US gold that I follow. Saying world gold production has plateaued, & therefore:
"All of those cutbacks during the lean years are taking a heavy toll. Capital investment is at an unsustainable level. A whole lot more is needed, unless the major miners want to put themselves out of business.
From this we can draw a few conclusions.
First, major miners are going to start having to buy quality deposits at a much faster rate. We've seen some acquisitions already this year, but we will see more.
Second, quality deposits with robust economics are going to enjoy a premium in the market.
There is no way around it. Gold producers cannot possibly push through development of projects fast enough to replace dropping production and capitalize on rising prices.
They will have to pay a premium for smaller projects that are close to production to small miners that have made it through the lean years.
Meanwhile, with gold prices above $1,200, we’ll continue to see junior miners' shares appreciate in value as their projects progress. The major miners will only have to pay more the longer they wait."
Credit to http://www.outsiderclub.com/editors/adam-english
One week on and all quite on the western front. Getting a bit impatient.
It would be great to have some certainty. I recall you Digger in the days of NOG/NZO and PRC as being quite knowledgeable and usually right on the button. Although you couldn't foretell the disaster. No more of that.=, I hope
I for one though the SP would be north of this now. There's been a few good new items come out and the SPP finished. Must be the uncertainty of the Election, however either way it goes the Greens are effectively nullified. Its good to see Winnie not holding the country to ransom...(what's that I hear you say?)
I'm wondering whether they have used the shortfall mechanism to bring Newcrest on board as part of the Rahu deal.
ASX now at 2.1
Boo. Was hoping to have some results to mull over this weekend...
Also, the Sharetrader clock needs to be wound forward an hour for daylight saving... it's 20 past 6, not 5.
Announcement coming at 6.30 on the ASX