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Business Description: Perseus Mining Limited (PRU) is a gold producer and operator of gold projects. Its tenements are located in Ghana and the Ivory Coast in Africa. As at FY11, the Group’s Proved and Probable Mineral Reserves stand at 3.93Moz of gold, Measured and Indicated Mineral Resources (inclusive of Mineral Reserves) are 5.72Moz of gold, and Inferred Mineral Resources are now 2.19Moz of gold.
Strategy Analysis: PRU aims toexpandits gold resource basethrough rapidexploration of existing ground andacquisition of prospective newprojects, while developing the Central Ashanti Gold Project as well as, potentially, the Tengrela Gold Project. The Company plansto start its first mining operation in2011 and aims athaving multiple gold mines operating in West Africa
Perseus Mining reported positive cash flow of $76.19m for the quarter ended 31 December 2011. Operating cash flow for the period was $(6.05m). Payments for exploration and evaluation were $(7.72m). Investing cash flow was $(2.77m). Financing cash flow was $85.01m. Cash in hand at the end of the quarter was $131.46m.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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