No doubt this will go down again now that the Yanks seem to think they're in recovery. How long will the rest of the world continue to support a bankrupt dollar. Wonderfull how we in the West still have faith in our politicians. Gold should go back up soon. GL
Modsa - i agree, this is valued at a lot less than NAV IMHO... At 28/06/13, the NAV was £2.51mil, and that was at a time when the components were at rock-bottom... The current mcap is a smidge over £2mil.. With the NAV looking to come in at £3mil minimum IMHO and 37mil shares in issue, surely this is going to around 8p on news... Last year they released on 26/10...
With a large discount this should be a screaming buy. The main problem IMO is the gold price, with it's over exposure to gold mines plus the RRR problems its too high risk for many and holds no appeal for day traders.
No trades here for a week, when you might think this still a good price to buy in. Surprising given its portfolio which has shown some strength in the recent mini bull-rise in resources stocks. Their portfolio as shown on their website: Ariana, Beowulf, Centamin, Greatland Gold, KEFI Minerals, Nordic Energy, Oracle Coalfields, Regency Mines, Red Rock Resources, Sunrise Resources. It will be interesting to hear SVE's next update on value, buys/sells. Better news hopefully. A long time ago, this share was worth over 30p. Of course, past performance is no indicator etc.
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