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badge0913

01/04/16 1:54 PM

#45975 RE: badge0913 #45974

Hopefully the POG starts cooperating.
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Basque Trader

01/04/16 2:07 PM

#45977 RE: badge0913 #45974

They have already followed a similar procedure with Gold One (australian mining company) some years ago. Baiyin bought first a 18% stake in Gold One and three months later, they bought it out.

http://www.bloomberg.com/news/articles/2011-05-16/chinese-state-investment-group-buys-gold-one-for-its-south-african-assets