SGX 0.00% $8.08 sino gold mining limited

sino gold floats at premium

  1. 470 Posts.
    Had a look at the prospectus of this one. Looks OK. What do others think?
    AnnaP



    Sydney - Tuesday - December 3: (RWE) - Sino Gold Ltd joined the
    sharemarket lists today at a premium to issue price.
    The $1 shares opened at $1.10, briefly touched $1.12 and settled
    at $1.10 after 20 minutes with 458,000 of the 101.3 million shares
    changing hands.
    Sino Gold describes itself as "a low-cost cashflow-positive
    goldmining company which has an experienced and well-respected board of
    directors, a proven management team, a strong pipeline of projects and
    access to the largely untapped gold potential of China".
    The company's management, which comprises Australian and Chinese
    nationals, has been involved in the Chinese gold sector since 1996.
    Today, Sino Gold produces about 100,000 ounces a year of gold at
    a low cash operating cost of about $US150 oz ($A266 oz) from the
    Jionchaling mine.
    It also owns interests in four gold projects at various stages
    of development.
    ENDS

 
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