Ruffer LLP - Invest $ 3.3 millions in ESM
One million dollars could be secured from one of the largest British investment gold funds (Ruffer LLP - managed several billion). In the recent placement, a total of $ 3.3 million was flushed into the cash register at a rate of $ 0.29, the fund subscribed to all shares in this capital increase and has just exceeded the 10% reporting threshold, which is like a knighthood. Because Ruffer LLP is considered a loyal, long-term shareholder who in the past only invested in large industry players. This confirms our view that Euro Sun Mining (WKN A2ARP6) is one of the most attractive gold stocks in the sector, that the risk-reward ratio is excellent, don't miss to position yourself in time. With the current gold price, the project is highly profitable (USD 752 production costs) - we also consider a takeover by a large industry player to be possible. We expect a lot of news flow from the company in the coming weeks. Overall, the fund now holds over 10% of the total shares, as can be seen from the company's current presentation (page 10 -LINK). We expect the fund to increase further in the coming weeks, the market capitalization of just USD 20 million is out of proportion for a company that wants to make the production decision later this year. New feasibility study will break all records! +++++ Read more at: https://de.marketscreener.com/EURO-SUN-MINING-INC-31285363/news/Euro-Sun-Mining-Inc-Milliarden-Goldfond-investiert-in-gro-tes-Goldvorkommen-Europas-Jetzt-gunstig-30050697/