Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: djf
[another group that made some pretty solid cash was the whores...]

Considering the fact that this gaping hole is...
 

 
South Africa: Anglogold Seeks 100
Percent of Cripple Creek

15 January 2008
Charlotte Mathews
GLOBAL 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.
 
...the largest gold mine in Colorado and, as of January 2008, was no longer owned by Americans - that's evidently still the case.

 


 


 

54 posted on 08/10/2012 6:29:58 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
[ Post Reply | Private Reply | To 50 | View Replies ]


To: OldEarlGray
That's a pretty fascinating story actually.

It seems that some people in America needed to raise some money: and they did this by selling something they owned rather than by getting the Government to bail them out.

I wonder if that spirit of rugged independence will catch on?

Probably not. Apparently at least one FReeper denies the right of Americans to freely dispose of their own property:- likening their basic freedom of association to prostitution.

61 posted on 08/10/2012 6:53:03 AM PDT by agere_contra (Vote ABO. Don't choose the Greater Evil and then boast about how principled you are)
[ Post Reply | Private Reply | To 54 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson