Club Mulgoa

Friday, July 08, 2011

AZM and ADU

My error. I bought both these gold explorers recently. AZM has not started producing yet but ADU is. While my AZM has given me a nice profit, ADU is not moving much. However, it is ADU that should be racing ahead because it has only recently started producing and announced recently that it reaffirmed its full year production.

Like Mr Deng's cats, it doesn't matter whether the miners produce gold or not, as long as the share prices have risen! However, unless there is prospect for mining, a miner is not profitable in the long run.

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