Just longed some on that common sense analysis from S + P. I'm not really sure the market can stay super scared for very long. I think the overhang from the crap raise has lead to a vicious spiral. We'll see what happens, but I guess it is worth at least what DB thinks. I think the short term gold price trend has confused some people.
The benefits of the combination are very helpful. S+P have recognised that. A contract lost of gained is far less material now than it was prior, and there is a bit more diversification into different minerals. Underground mining is a real gem as they mention.
Ann: Completion of Barminco Acquisition and Business Update, page-9
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