I did a bit of gold prospecting for a while.
Doesn’t take much time hanging around the old timers to find out that the guys who really made the money during the gold rush weren’t the miners, well, a few did get rich, but mostly it was the suppliers. The guys who sold them the picks, the axes, the equipment...
might be time to buy a truckload of shovels.
Or, if you are a lady, get ready to get dolled up, because another group that made some pretty solid cash was the whores...
;-)
Trust me, I’m not re-writing history here!
South Africa: Anglogold Seeks 100
Percent of Cripple Creek
15 January 2008
Charlotte MathewsGLOBAL gold producer AngloGold Ashanti was offering to buy Golden Cycle Corporation, its co-shareholder in the Cripple Creek & Victor Gold Mining Company in the US, for $149m in shares, the companies said yesterday.The transaction would increase AngloGold's ownership to 100% of Cripple Creek, its only US operation, from 67% previously, although it had a 100% interest in the mine's production until the initial loan it made to the joint venture was repaid. At the end of September the outstanding value of the loan was $336m.