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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Eva who wrote (20084)6/25/2010 5:07:57 PM
From: TheSlowLane  Respond to of 48092
 
Talk about deep pockets...



To: Eva who wrote (20084)6/26/2010 9:51:12 AM
From: polarisnh  Read Replies (1) | Respond to of 48092
 
Eva,

I agree with the WOW! That is a great way for China to roll it's US Dollars directly into gold by buying CDE's output. I do not believe that this information is getting the attention that it deserves. I also think that this will not be the last time that it happens. Mining companies need deep pockets to finance mine development and by having someone commit to 50% of your product up front makes it very enticing to accelerate the process.

Cheers,

Steve


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