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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (17750)8/15/2004 11:29:36 PM
From: Square_Dealings  Read Replies (1) | Respond to of 110194
 
A big percentage of earnings and cash flow goes into gold bullion which the company stores as assets. Cash costs are very low.

GG also has many investments in other gold mining companies, actually a very extensive portfolio of interests in junior miners.

The CEO is sharp and has is disliked by some gold bugs because he timed sale of some personal stock and all the previous gold hord of the company almost perfectly, selling into the 1/04 top in gold.

M