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$14.19 0.29 (2.09%)
5/16/2008 4:00 PM

Gold Fields Limited (ADR) (GFI)

CAPS Rating:
****

A producer of gold and holder of gold reserves in South Africa, Ghana, Australia, Venezuela and Peru. The Company is involved in underground and surface gold mining and related activities, including exploration, extraction, processing and smelting.

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Avatar TMFSinchiruna (98.80) Submitted: 3/08/08 12:52 PM : Outperform Start Price: $14.75 GFI Score: -7.22

I added Golf Fields in the midst of the beating it received when its South African operations were impacted by power shortages for the past couple of months. With so many valuable resources being mined in S. Africa, I knew the problem would be rectified quickly, and recent news has power supply back to levels where GFI can resume full operation. I expect this one to perform extremely well in the short-term, as the extent to which the power issue was overplayed in the stock price is corrected. I bought this one in real life at the same time, and plan to hold for the long-haul because my entry price was so attractive. That being said... it still hasn't moved very much, so it's still dirt cheap in my opinion.

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