Bcd's Offer To Sunshine
p. 103 · Read in the full issue
TT is considered probable that Sun shine Gold shareholders will accept an offer of £37,500 by Bulolo Gold Dredging, Ltd. for all their assets—especially the plant and water-races. BGD does not want the Sunshine property on the Watut River.
Sunshine Co. invested about £lOO,OOO in New Guinea in the 30’s.
It made good profits until 1941, but its organisation and equipment were practically destroyed in the war, and it never has recovered. The 107shares were at 17/- in 1948, but last quotation was 2/6d.