Company Notes
p. 138 · Read in the full issue
Emperor Shares Up And Dow*
The 1/- shares of the Emperor Gold Mil mg Co. Ltd. of Fiji have been jumpit around in the Australian Stock Exchana in recent years. In December, 1958 th( were quoted at buyers, 9/-. in Ma 1962 they were down to 5/-; and in Juni to 3 7 - ; but by the end of 1962, the had recovered to 6/-; and in Pebruan April they were freely traded at froi •/“ to 8/-.
In May, 1963, buyers lost interest the price by mid-June had sagged 1 “PIM” inquired in Fiji about mir prospects at Vatukoula, and was assure betfer’^ ere " aS good as ever —P robab] The see-saw in quotations is attribute to speculators who are watching th world’s gold market. If USA lifts th gold price the value of shares in mine like those at Vatukoula, which have largi proven reserves of good ore, will jum sharply. J m PACIFIC ISLAND MINES: Exploratoi tunnels being driven by Pacific Islan Mines Ltd. on the island of Misinu Papua, are making interesting discoverie! and certain interesting ores, are bein examined and assayed. The compan has said very little about its plans bu the shareholders evidently remain hopefi —the shares are quoted at very littl under par.