sino gold floats at premium

Had a look at the prospectus of this one. Looks OK. What do others think?
AnnaP



Sydney - Tuesday - December 3: (RWE) - Sino Gold Ltd joined the
sharemarket lists today at a premium to issue price.
The $1 shares opened at $1.10, briefly touched $1.12 and settled
at $1.10 after 20 minutes with 458,000 of the 101.3 million shares
changing hands.
Sino Gold describes itself as "a low-cost cashflow-positive
goldmining company which has an experienced and well-respected board of
directors, a proven management team, a strong pipeline of projects and
access to the largely untapped gold potential of China".
The company's management, which comprises Australian and Chinese
nationals, has been involved in the Chinese gold sector since 1996.
Today, Sino Gold produces about 100,000 ounces a year of gold at
a low cash operating cost of about $US150 oz ($A266 oz) from the
Jionchaling mine.
It also owns interests in four gold projects at various stages
of development.
ENDS