Wild Trading in Fiji Gold Co.'s

AUSTRALIAN stock exchange specu lators are still going crazy over Fiji gold-mine shares.

Further big leaps to large premiums marked trading in Loloma and Koroere, selected Fijian gold shares, on the Mel bourne exchange, early in May. Both are paid only to 3/-. Loloma jumped 3/9 to 45/- cash, while business was written at 46/- for six weeks’ delivery. Koroere rose 1/6 to 26/6.

Australian Gold Development, which will participate in the forthcoming Em peror flotation, advanced from £60 to £66, closing at £64. Two days later, they were selling at £68 and £70. The market expects that A.G.D. shareholders will have rights of subscription to at least 50 shares in the Emperor. Aloha Central and Viti Levu also regained some ground, but Fiji Mining Corporation was weaker.

In April, £10 shares in the Aloha Syndicate were sold in Melbourne at £170, £300, and £430!

The “Argus” said: Close on 20 Aus tralian companies are interested in areas in Fiji, chiefly Tova Tova, six miles from Tavua, on the island of Viti Levu, and

engineers who have inspected the Tavua area are impressed with its possibilities.

Apart from operations at the Emperor mine, on the western slope of Koroere Hill, which at present is privately owned, development work is still in the initial stages, and the vital question to be solved is whether the lodes which have returned rich assay values on the surface and at shallow levels, persist to any degree of depth and maintain their values. This can only be determined by the work un dertaken by the leading companies or oy diamond drilling. Chief interest is centred in operations of the Loloma and Koroere companies. The property of the former company adjoins the Emperor mine on the west side, and several lodes traverse the area.