AngloGold Ashanti Limited (ADR) (NYSE:AU)

CAPS Rating: 2 out of 5

The Company conducts gold-mining operations in Argentina, Australia, Brazil, Ghana, Guinea, Mali, Namibia, South Africa, Tanzania and the United States of America. The Company also produces uranium oxide and sulphuric acid.


Player Avatar goldminingXpert (29.55) Submitted: 12/8/2008 12:11:34 PM : Underperform Start Price: $23.62 AU Score: +7.11

Lots of debt, probably won't make it through the depression.

Member Avatar secretbonus (< 20) Submitted: 3/21/2010 4:15:55 PM
Recs: 0

You may be right and certainly the high book value is a little scary, but debt/equity is not that bad, earnings growth is huge. worth the gamble I think.
Plus long term debt becomes a gift if inflation is high enough... Ben at the helm with government spending trillions? Seems like a decent aggressive inflation play gamble to me.

By the way if you're a gold mining expert shouldn't there be a single gold miner you like? Maybe there is, but I'm looking, can't find it.

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