Dear CIGAs,
Let us all remember when Barron’s Weekly panned Royal Gold (RGLD) hard in 2005.
That was the absolute low for Royal Gold (RGLD) since that absolutely uncalled for event.
You will recall Barron’s clearly and unabashedly admitted they had gotten their information for that hatchet job from a source that was short Royal Gold (RGLD).
Royal Gold prices share offering
Apr 8 2009 8:07am EDT
TORONTO (Reuters) – Royal Gold Inc said late Tuesday it has agreed to sell 6.5 million shares at $38 per share, and will use the proceeds to finance its acquisition of a stake in the gold produced from the Andacollo mine in Chile.
Denver-based Royal Gold said it expects proceeds from the offering, net of commission and expenses, of $235.3 million. The company said its offering will close on April 14.
Royal Gold, which acquires and manages precious metal royalty interests, earlier this week said it would acquire a stake in the gold produced from the Andacollo mine in Chile from Canada’s Teck Cominco and Chilean state-owned entity ENAMI for $300 million.
