Ballarat Gold - In a very good position ?

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12vic - Wed, 28 Dec 05 :

I've never paid stamp duty on this share either - I think this must be something to do with the fact that its main listing is in Australia .

There was huge volume in Australia last night , some 12 million shares changing hands meant BGF was the second most traded stock on the ASX . There was also a price mark up of 8%+ , hence the fact that I was expecting a price rise over here today . The mid price in Oz ended at 39 cents , exhange rate is approx 0.42 to the pound , so this should equate to UK mid price of 16.38p with an expected buy price of circa 16.75 . It seems that anyone who got in today between 15.6 - 16 managed to get themselves a bargain .

If like me you can see the oz dollar srengthening against the pound , then you've got an additional reason to invest on top of the gold price .

Big test to see if the OZ market runs with BGF over the next few weeks or slowly pulls back yesterdays gains as it has done previously . One things for sure there's plenty of good press coverage at the moment !
Arja have you looked at www.hotcopper.com.au some comment on BGF there as well .


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