Club Mulgoa

Friday, February 14, 2014

NST

This has to be THE best gold stock to invest in, based solely on management ability.  It bought a mine off from a bigger miner who jettisoned it for pittance.  While working on it, it generates an income to sustain exploration.  And if found more and more gold veins.

When the POG was near the trough, another big miner decided to ditch its smaller operations in WA.  And who should surface to buy them?  If this had happened today, there would be a big premium purely based on the rising POG.

These must be the most astute board.  It only invests at the right price and it only invests when it knows the prospects.

Unfortunately, the recent SPP is only limited to $15 million, so it was pointless to bid for the maximum amount as the scale down will be ferocious.  I took a smaller parcel... and wait to hear.

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