Similar reasoning to me. I was purchasing again on Friday.
Basis:
1) Some arbitrage appearing between GPL and BDR
2) Gold up and holding
3) Global economy slowing (see IMF adjusted projections - reduced for growth again)
4) Stock markets uncertain (pull back a few months ago, increased volatility appearing)
5) GPL has sound bank balance - will commencing drilling at BDR immediately (see CEO presentation on 14 Feb)
6) BDR (we all know) is optimizing mine, new contractor in place, higher gold grades, debt present but now supported by GPL funds
gpl ‘takeover’, page-30
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
