Comments on: Northern Rock Panic Forces Examination of British Compensation Scheme http://www.dailyreckoning.com.au/northern-rock-panic/2007/09/27/ An independent perspective on the Australian and global investment markets Mon, 22 Mar 2010 08:52:13 +0000 http://wordpress.org/?v=2.8 hourly 1 By: Adrian Ash http://www.dailyreckoning.com.au/northern-rock-panic/2007/09/27/comment-page-1/#comment-3465 Adrian Ash Fri, 28 Sep 2007 13:33:36 +0000 http://www.dailyreckoning.com.au/northern-rock-panic/2007/09/27/#comment-3465 Sure, it's a possibility...and those banks that helped fund the record M&A activity in gold mining last year ($17bn on Merrill Lynch's reckoning) might be wondering why there's still no "elephant finds" and why the majors are struggling to thrive despite the current high gold prices. That said, if gold's where the money is, then that's where the bankers will put their money. In due course, however. Greed has to overcome fear first. And that might take a while! Sure, it's a possibility...and those banks that helped fund the record M&A activity in gold mining last year ($17bn on Merrill Lynch's reckoning) might be wondering why there's still no "elephant finds" and why the majors are struggling to thrive despite the current high gold prices.

That said, if gold's where the money is, then that's where the bankers will put their money. In due course, however. Greed has to overcome fear first. And that might take a while!

]]> By: Ian Smith http://www.dailyreckoning.com.au/northern-rock-panic/2007/09/27/comment-page-1/#comment-3447 Ian Smith Thu, 27 Sep 2007 19:33:14 +0000 http://www.dailyreckoning.com.au/northern-rock-panic/2007/09/27/#comment-3447 Adrian, is it possibl in the future that even gold miners will not be able to obtain finance to exploit their resource? Cheers Adrian,
is it possibl in the future that even gold miners will not be able to obtain finance to exploit their resource?

Cheers

]]>