Club Mulgoa

Tuesday, January 17, 2012

DRA

http://www.asx.com.au/asxpdf/20120118/pdf/423t9n1k23j0l1.pdf

Here is another gold explorer-cum-producer that the ASX investors couldn't care much about. It has recently transformed itself into a producer. And finding more and more gold. My last top up was in Aug 2011 at $1.13 when the ASX was hammered, but POG was up and AUD went down. What better reason for buying a gold producer?

So today, because of market sentiment and POG up (but AUD is now around USD$1.03 and USD$1.04), and with that announcement, it will go up and then... settle back again.

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