Couple of quotes from Mogga's 'Rising Star' Article:
“With most Australian gold producers already sitting on substantial cash balances, an additional boost from higher gold prices over the next couple of years could set the stage for some aggressive bidding.”
The point about the outbreak of gold-sector merger fever is that it does have substance and could last for some time as cash-rich producers hunt for asset-rich developers in need of cash.
NAG Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
