GREY:OLEPF - Post by User
Post by
Goldfatheron Jul 26, 2011 12:21pm
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Post# 18873879
African Barrick Likes Oromin
African Barrick Likes OrominAfrican Barrick reports solid progress
The company continues to seek acquisition opportunities to diversify country risk away from Tanzania. The strong cash balance and pull-back in gold mining shares have helped acquisition screening, although any targets must offer exploration potential and be able to compete with promising organic growth projects. JP Morgan Cazenove expects full-year EPS of 63.7¢.