Check out LIHIR reference !This was on news.com.au:
Global gold rush ups prices
By Robin Bromby
July 16, 2004
FOREIGN money is flooding into Australian gold stocks that are considered underpriced, generating speculation that some global players could be positioning themselves for another rally in the metal's price.
A second fund has moved - within the space of three days - into Bendigo Mining, outlaying $28.8 million for a 17 per cent stake in a company that is heading back into production.
And market watchers have been astounded at the huge volumes of Lihir Gold going through the market every day since late June: about 40 million shares one day, and another 20 million yesterday.
Meanwhile, mystery continues to swirl around the identity of the buyer of 8.8 per cent of Emperor Mines, a move that looks like derailing the takeover bid for that company by Durban Roodepoort Deep.
While even Emperor staff have no inkling of who the buyer is, there are pointers that Swiss interests are behind the clearly well-timed and well-financed strike.