Another report overnight that feeds into this trend concerns a company based in Frankfurt with a rather novel idea. Reuters says that TG-Gold-Super-Markt is planning to install 500 automatic teller machines across Germany, Switzerland and Austria that will spit out, not euro notes, but pieces of gold. Put €31 (at yesterday’s price) in the slot, and you can withdraw one tiny, 1 gram piece of gold. Each ATM, the first of which was on display at Frankfurt’s main railway station, will hold 1g, 5g and 10g gold pieces as well as Krugerrand coins. The ATMs will be able to vary the price of the gold in line with the changing gold spot figure.
This week we have seen Gold One International show its precious metals paces. This company resulted from a reverse takeover by South Africa’s Afflease Gold of BMA Gold,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,gold jewellery,women's jewellery.You can wholesale jewellery. a Queensland producer that had ended up in the hands of administrators.. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,wholesale jewellery. When BMA last traded in December its stock sold for 1.1c; when GDO listed this week the first day ended at 43c.
A broker report out this morning from Hartleys puts a ‘buy’ on this stock, with a valuation of 52c a share, on the basis of pending production from two mines in South Africa,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,jewellery rings,gold jewellery,women's jewellery.You can wholesale jewellery. high margins and a strong growth profile.
But another stock to watch is Chesser Resources . This is a company run by Richard Valenta who came here after a strong track record in Canadian mining, and which has the Sisorta gold project in Turkey. This deposit is located on what is known as the Tethyan Belt, a geological structure that runs from Iran through to Turkey and includes the enormous Reko Diq copper-gold porphyry resource in Pakistan. Chesser is one of a number of companies chasing gold in Turkey, including Newmont Mining.. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery, gloves and tights.Jewellery for sale here,we aupply womens accessories,jewellery rings,gold jewell
Chesser has been doing road shows in Sydney and Melbourne this week as part of its $2 million capital raising. It announced this morning that it has begun field operations at Sisorta with drilling to start next month.
Friday, August 13, 2010
Untangling the gold news
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