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.

Recs

2
Player Avatar goldminingXpert (29.76) 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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