Member Info for keepitup

Even though Inata might be close to its end of life, there's more assets as you point out. This company needs to tick over with as low costs at possible (which is exactly what they are doing) until the price of gold increases significantly. This is a binary bet with more potential upside (several fold increase) than downside (i.e wipeout). Gold at 1300+ within the next 6 months and there'll be a good exit price opportunity.

With the debt and the production costs per ounce at just under $1200, I see this as a pure bet on the future price of gold. If it drops to $1000 per ounce we go bust, if it rises to $1300 plus per ounce this will rocket. All down to the POG now. Simples!

This is moving up nicely. Will it break through 600 decisively?

Decent rise and reasonable volume ahead of results tomorrow - has there been a good news leak?

Here's the link http://www.dailymail.co.uk/money/markets/article-2957390/MARKET-REPORT-Rumours-757m-bid-Oberthur-private-equity-group-lift-La-Rue-shares.html