I would happily join you if it goes for £5.40. As a longer term holder with an average of 65p I am waiting for the permits and so news of the potential bidders to move the price North prior to any real negiotiiations. However feel this may be post Christmas. End of Jan / Feb. However still believe in the fundamentals.
A trade pact between the European Union and Honduras, Nicaragua and Panama will take effect on Thursday, cutting down tariffs and trade barriers in bilateral trade worth at least 3 billion euros ($3.99 billion) annually, said the European Union on Wednesday. Joint labor and environmental standards underpin part of the agreement, with the three Central American countries expected
Guys - can someone refresh my memory on the latest position with the EIA permit? Was it going to be submitted this month with an expected 90 day turnaround from Nic Gov, so decision expected by end of Feb 2016? I feel as if I remember hearing that from Mark at a presentation recently, but cant remember where exactly...
Looking at this SP in the 30's is getting seriously depressing - we need some good news (which CFI might sell into, but still) otherwise we are going to see the 20's here soon :-O
Mr Chang, EMR’s chief executive, told The Australian from San Francisco yesterday that EMR’s lead role in the deal was a clear demonstration that the private equity fund was a believer in gold. Up until now, the $450m fund expanded to make the Martabe acquisition has been an investor in potash and copper. “We remain positive on the longer-term structural thematic for the gold market,” Mr Chang said. “Demand will continue to increase from both India and China at a time when supply is decreasing because of falling grades at existing mines, and other factors. “Notwithstanding the short-term volatility in gold prices, we think now is a good time to be deploying capital in gold assets, particularly when they are in production, generating good cashflows and stable margins,’’ Mr Chang added. He said the deal also reflected a change in the environment for private investment in resources in the past few years. “Good quality operating assets are coming to the market, and I think that you are going to see more private equity playing that space,’’ Mr Chang said. “The majors are focusing on deleveraging at this point of time. So it is a kind of neat time for private capital to be coming to the commodities market, as you’ve got the majors focused on deleveraging and their internal structures at a time when scrip values are low and there is not a lot of cash around.
“So private capital can be a bit more competitive.”
He said despite the gloom in the mining space because of the collapse in commodity prices, good quality assets would still continue to attract funding.
But Mr Chang argued that, increasingly, investors would rely on the in-house expertise of private equity groups with a resources focus before committing funds.
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