Gold (number 79 on the Periodic Table of the Elements), has been money ever since it was discovered. Today it competes against fiat currencies, especially the US dollar, in a competition it so far seems to be losing. We are all aware of the value of the printing press to…
I last wrote about Coppermoly on 4 July 2013. The Company had just announced that it was acquiring Barrick’s interest in its PNG projects, and that Jelsh Holdings Pty Ltd has agreed to underwrite a Rights Issue to raise approximately $2 million at a price of $0.045 per share. Read…
I had breakfast last Friday with Mr Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs since 2006. I should mention that there were a few others present. The Australian’s Andrew White referred to the breakfast as “a room full of board and investment banking luminaries”, not sure where I…
I had a very agreeable meeting with Sovereign Gold Company’s MD, Mr Michael Leu, yesterday. My first impression is that Michael’s geological team is probably one of the best in the country. This is something I consider very important – but then I am a geologist. We had a wide…
Blackthorn Resources has a current market capitalisation of around $40 million and had cash of $28 million at the end of March 2013, leaving an “enterprise value” of around $12 million. This seems low, given the company’s assets, and is therefore worth a closer look. The share price has been…
Sovereign Gold Company today released gold results for its first deep drill hole (GHD001) at Hobbs Pipe 1 at its Mount Adrah Project: 284 metres at 1.2g/t gold from 192 to 576 metres. When allied with previous drilling, this result shows that the pipe is mineralised from surface to at…