SINGAPORE (Oct 19): Mainboard-listed Dragon Group International is diversifying from electronics into mining. It is acquiring a 100% stake in Coeur Gold Armenia (CGA), a precious metal mining company based in the Seychelles, in exchange for $500 million in cash…
For some reasons, the acquisition comes as a surprise to many, and it doesn't seem that simple at all ... very similar to ISR's 1 billion Madagascar deal last year, and it turned out to be only worth approximately 60 Mil in its preliminary stage. What I mean to suggest, is this announcement is out of nowhere. Anyone expected it? hahaha
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