was it sino gold (ASX:SGX; OTCPK:SIOGF)?if it is i want to invest in their stock. china hasn't let anybody mine gold there in over 50 years and china could potentially become one of the world's largest gold producers from huge mines that are currently not producing anything. there's an estimated 22 thousand tons of gold worth about 445 billion USD under Chinese soil. the stock price is cheap so i want to get in to make a profit.
2007-02-03 07:26:57 · 2 answers · asked by berelane 2 in Business & Finance ➔ Investing
Yes it was Sino Gold:
In Business Asia June 2005:
"After five years of negotiations, the small Australian-listed company last month received a permit to develop the $90 million Jinfeng mine in Guizhou province, which has gold reserves of more than 2 million ounces."
More recently (Nov 2006), Gold Fields (NYSE: GFI) have teamed up with Sino Gold on Chinese gold exploration and mining.
Lots of information about Sino Gold here:
http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=SGX&timeFrameSearchType=D&releasedDuringCode=6
2007-02-04 12:20:15 · answer #1 · answered by Richard Dale 4 · 0⤊ 0⤋
If a international crash is coming, we should be promoting all gold mines off! grab the money and run. we could purchase them lower back later for a fragment of the fee. The excellent of the line led to prevalent and prolonged depressions.it really is why they ditched it. Bullion received't replace the dollar. that is a delusion, generated through gold sellers and paranoid ammo/canned nutrition hoarders. yet what has it were given to do with the chinese? If it develop right into a US/uk/Canadian/jap takeover, as such countless takeovers were interior the previous, what's the enormous difference?
2016-11-24 21:25:17 · answer #2 · answered by ? 4 · 0⤊ 0⤋