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dgul

European Goldfields and Qatar Holding

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Interesting to see Qatar Holding investing a serious amount of money into European Goldfields - the total investment (£1/2B) is around 1/2 of the market cap. here

 

It reminds me of the 2008 rescue of Barclays by Qatar Holding - they bought around 15% of the bank, and sold much of it 12 months later for around double the price*.

 

But where is the similarity - are they investing in "poor old battered" Greece... Or are they investing in the "massively underpriced" gold miner market?

 

*IIRC, Barclays proceeded to plummet immediately after the purchase, and only recovered back to the purchase price in early 2009...

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