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finance options, page-17

  1. 312 Posts.
    hey guys,
    i have been keeping an eye on the gold thread. i have come across a good article posted by someone else

    http://www.zerohedge.com/news/2012-10-13/gold-giffen-good

    I particularly liked reading this part

    7 August 2012 - Zijin Mining, the largest Chinese gold miner, acquired a majority stake in the Australian gold miner, Norton Gold Fields, for US$180m;

    16 August 2012 - China National Gold announced that it was in preliminary discussion regarding an offer for Barrick's 73.9 percent stake in African Barrick Gold;

    4 September 2012 - China's SEFCO Group announced the acquisition of the Zara gold project in Eritrea for US$80m;

    19 September 2012 - China's Shandong Gold announced the acquisition of a 51% stake in the Australian gold miner, Focus Minerals, for US$238m; and

    27 September 2012 - Zhongrun Resources announced the acquisition of a 42% stake in the Australian gold miner, Noble Mineral Resources, for US$88 million.


    I hope that by the time we get our titles settled early next year that we are in for something really special.

    GLTA, DYOR
 
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