Club Mulgoa

Monday, December 03, 2012

Gold stocks

It is becoming harder for the smaller gold exploration stocks to find capital to develop.  It is not profitable to have the gold in the ground; it has to be gold in the market.  But it is unbelievable that finance companies would not lend to stocks with more than 3 million ounces of gold in the ground.

Those that had funding and producing or will be producing shortly are doing well.... like BDR.  It also means that when senses return, those tumbling gold stocks are excellent value now.

0 Comments:

Post a Comment

<< Home