The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'd rather have a smaller number of cash generative projects than loads which can't be effectively monitored. Hopefully the split out of managerial responsibilities will be a good thing....however not sure I trust Zambian operations yet....
The disconnect between gold and gold explorers may be determined by having the physical product in your hand.ours sadly is still underground ...I won't be happy however if getting to it is deliberately slowed down. I would think the laser should be focused still on getting it out and not so much who owns it although this is a big factor
I think the uncertainty may be attempt at leveraging the cost of acquisition down or some card close to chest, but if not economical then they should all walk. Given the rhetoric this seems unlikely which should creste some confidence. They would have thrown the towel in by now if they could not get over the hurdle.