PRU, AZM

I picked up a parcel of PRU today at $2.39 after more good hits but deeper. While Mali is a problem, PRU is in Ghana and Ivory Coast. And it has not long ago transformed into a gold producer. Why is the share price falling? I can only speculate that either it is idiots selling or people who bought it very cheaply, wanting the cash now.

I don't expect to make profit out of recent PRU parcels. But I certainly would be very disappointed if the profit result is poor or the JORC compliant resource is lower than expected.

AZM is also unwanted. So I was happy to pick up another parcel of it, too. Gold may be below USD$1700 per oz but a lot of analysts are optimistic.