Gold Fields could well adapt the Toyota slogan to itself because
everything keeps going right for the world’s largest gold-resources
company.
Yes, Gold Fields is the world’s largest gold-mining company when it
comes to the custodianship of gold resources as measured in
millions of ounces.
But many only a few days ago saw itused crushers for sale potentially paralysed into
immobility through a lack of funds.<branti virus software crusher />
Analysts were lamenting overhangs and potentcrushers mining industryial poisoning from the
toxic 14-year hedge book that it had inherited in the takeover of
Western Areas Limited.
But it put a $528-million bulldozer on the hedge and five days
later raised the most capital any South African gold company has
ever done in its long history of capital raising.
On the dot, as it said it would, it garnered in R8,9-billion in a
mere five days.
But that was not all.
The response of shareholders to the capital raising was so
enthusiastic that there was a bonus in all of this.
The scrip issue was over-subscribed to such an extent that