News from 23rd Dec
If the gold price can make a turn north in 2014 the majors disposing of assets will have succeeded in buying high (Equinox!) and selling low. .....more.....
Here we see Aussie junior Northern Star buying one of Barrick's mines with what they consider a "screaming buy"; time will tell who was the smart money.
They are supposedly looking for more deals.
Barrick have been disposing of a number of non-core assets, including a number in Australia to Goldfields.
The Plutonic mine is supposedly short life but could move Northern Star (NST.AU) up to 200k oz pa in the short term. The team did well with a similar strategy coming out of the 2008 bust with the stock soaring from pennies. Can they do it again paying $28m for the asset
http://www.nsrltd.com/ see link to "Rich Pickings by Nick Evans"
A number of the Aussie Brokers include NST in their 2014 picks