Listed Mining Companies
There are many gold fish out there in a sea of acquisition opportunity. Harmony Gold CEO Graham Briggs says there are “loads and loads” of them, and Gold Fields CEO Nick Holland and AngloGold Ashanti CEO Mark Cutifani concur. The junior space, they say, is particularly wide open. But Briggs says he has to get Harmony’s debt level down first and will be ready to put more acquisitive debt on the balance sheet only halfway into next year and Cutifani makes it plain that AngloGold Ashanti’s most important order of business is, first, to refinance its bond before the end of February. Holland is also working hard to turn all of Gold Fields into a cash-positive position. But, if not in 2008, perhaps, it will be in 2009 when the gold fish begin being pulled out.
SEA OF GOLD ACQUISITION OPPORTUNITY
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By:
Darlene Creamer
Published on 7th November 2008
Updated 6th November 2008
Updated 6th November 2008
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