On the US market stock just tanked today on the back of options expiry. Happy to have picked up some stock at US$34.69 per share.
Barrick Gold has started the Newmont hostile takeover bid. My guess is KL could be their next target due to the revision in reserves, forecast for production volumes for next 3 years etc. Major developed markets have borrowed up to their ears and central banks have no fire power left for the next recession and it's a matter of time that consumer will start returning to Gold as a store of value.
