RE:RE:Other Indonesian mining properties I feel your pain MM. The resource sector just plain sucks though. I track a few companies, am sure we all do. B2Gold is around its 52 week low. So are most others. Even junior companies advancing their projects are taking it on the chin. TGM, PGM and PLG – all down. The list is endless. I bought into Ivanhoe IVN at around 1.35 – now less than 1.00.
IAMGOLD according to BNN this morning is trading as if gold was 900. Barrick just hit a new 52 week low. So much for September usually being a good month for gold.
As for SA coffers, if they can’t get cash for Lombok I don’t know where they get it. JP credibility is not great and I think he won’t be able to raise more $$. He needs to monetize WL. Not sure what the current burn rate is but they probably have another year worth of cash left.
Not hoping for some good news anymore, praying for some.