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Strong momentum and positive sentiment in the gold price to continue - Davide Bosio

 

Shaw and Partners WA state manager Davide Bosio tells Proactive's Andrew Scott the continued strength in the gold price is seeing a number of smaller companies push forward and raise capital plus he says a lot more larger transactions are happening in the space too.

He mentions Bellevue Gold Ltd (ASX:BGL) which has launched a fully underwritten institutional placement of shares to raise about $100 million and a share purchase plan (SPP) to raise up to $20 million.

Bosio is still firm on his view that gold will hit $2000/oz.

Quick facts: Bellevue Gold Ltd

Price: 1.225 AUD

ASX:BGL
Market: ASX
Market Cap: $1.04 billion
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Northern Star and Saracen merger 'marks start of next wave of gold...

Davide Bosio from Shaw and Partners says it's been a big year for Diggers and Dealers with a strong turnout - despite the closure of WA's borders. He says gold in Australia has predominantly been the theme and one of the big talking points was last week's merger between Northern Star...

on 15/10/20

2 min read