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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.

  • Epic Code:
  • MCR
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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