Secondary Recommendation

Mercator Gold - Explorer strikes gold at first attempt

January 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The strong early showing by Australian gold explorer, Mercator Gold,whose shares soared to a 35% opening day premium after being placed on AIM at 6p in early October, is probably down to three factors. The backdrop of a gold price sitting close to 16 year highs at US$455 / oz is certainly one. But the more interesting reasonsare the excellent track record of big finds by the seasoned management,along with the fact that they are operating in an area which has previously seen gold discoveries in excess of 1.5m oz. Overthe month, we met with Mercator's managing director, Patrick Harford, who has made fortunes for his backers on two previous occasions. Theseinclude Zapopan, whose market value rose nearly two ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Mercator Gold - Explorer strikes gold at first attempt

January 2005

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Mercator Gold - Second gold discovery (March 2005)

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