RE:RE:Growth Potential ?
Back in the late 90's there was a public company by the name of Vengold.
They owned a 30% stake in Lihir which was in the early stages of development.
Gold was trading around $300 oz and many high potential resource company's were
trading for pennies.
I aquired shares in Vengold believing that gold prices would eventually trade higher.
Unfortunately the company eventually sold it's position in Lihir to settle outstanding debts.
The transaction was peanuts compared to the eventual $10 billion aquistion by Newcrest.
Long story short, Ven shareholders lost out on one outstanding growth story that just needed time to see it's full potential.
Looking forward to another opportunity in elephant country...
Sauli