Will this be enough cash to see the group through the ramp-up of South Deep to positive cash flow? We don't think so.
Steve Shepherd
We see the Chinese, Indian and Middle Eastern markets as significant future demand-growth drivers, while in investment, gold -backed paper in the form of exchange-traded funds could be a factor in demand growth.
growth future chinese gold indian paper form demand investment
positive deep flow south cash
We are bemused by the length of time it is taking for the partners to announce the go-ahead for this project. Our analysis shows clearly that the economics of less attractive projects in the region are compelling at prices significantly lower than the current spot levels.
time analysis economics project projects attractive
The package was adopted.. But it was not adopted as it was pending before the commissioners.
The last few years we got knocked out in the second round, the first round and the first round. It didn't help us then. You have to play well to win games in this tournament.
games play win
In the short term, ahead of the Indian Festival Season, we see seasonally flat demand, and waning investment interest, causing consolidation in the gold price [over the next 3 to 6 months].
gold interest price indian demand investment short
Long-term though, we continue to see a positive outlook, with mine supply growth and strong demand.
growth positive strong outlook demand
The first thing you notice with Steven is what a great shooter he is? He has unlimited range. But he's also a good passer and he's very unselfish. He puts the team first and personal stats second, and that's reflected in the success Willard had.
success good personal team great thing
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