Forum Archive Index - January 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

Jonathan

 

Further on your question about gold shares. There is an article today on SMH

http://www.smh.com.au/news/0201/23/biztech/biztech7.html

 

re possible takeovers of gold producers (including GLD I mentioned previously). Here is a small part of the article.

The newly merged Delta-Goldfields, soon to be called Aurion Gold, is also considered a likely AngloGold target because of its equity in the Granny Smith goldmine, which neighbours AngloGold's Sunrise Dam mine in Western Australia. But Goldfields of South Africa could beat AngloGold to the punch, having secured an option to acquire Harmony Gold's 13 per cent Aurion stake. The competitive tension has had a positive effect on Goldfield's share price, which firmed 14c to $2.79 yesterday.

Andrew

Disc hold GLD/LHG.

----- Original Message -----

From: andrew cottingham

To: sharechat@sharechat.co.nz

Sent: Thursday, January 17, 2002 9:02 PM

Subject: Re: [sharechat] Gold

Jonathan

You might like to consider Goldfields (GLD). Their chart shows a very even up trending line and a stable rise in the share price from $1.30 in April 2001 and closing today at $2.67. I have made a sizeable purchase today around that price. They have a comprehensive web site at  http://www.goldfields.com.au/

The average volume is 473380 shares per day over the last 500 days, so it's easy to buy in and get out when you need to.

 

Please Note:

All share trading involves risk and nothing in this e-mail is to be construed as an invitation or recommendation to trade or invest in GLD. 

 

Andrew

----- Original Message -----

From: Jonathan Kieft

To: sharechat@sharechat.co.nz

Sent: Thursday, January 17, 2002 7:51 PM

Subject: [sharechat] Gold

I notice that mining shares in Aussie are creeping up - possibly due to continuing global uncertainty. I had a  look at a few, particularly in gold mining, but there are so many of them I got a little overwhelmed.

 

Can anyone guide towards a few Auusi gold/mining companies that could be worth looking at?

 

Jonathan