RE: another stake -NRProbably has to do with CLM. I think they know the place well and they said they were very bullish on iron ore.
They must know about the recession and probably think they have enough exposure to gold.
Don't forget they own big stakes of Central Sun Mining (aka Glencairn) approx 6500000 at 1.05,
Kansai Mining (in Kenya) sitting on prob 2M ounces, Avion resources (don't really know what they have in Ethiopia except a huge land claim).
I can't believe they will be able to get into S&J company and guess they will be paid back in cash.
They have to go out and grow the company, otherwise it is just a holder of devaluating paper soon to be worth less than it's recycling costs.