Gold: Gina Rinehart sinks another ~$7.8m into Victorian hit machine Catalyst

Excerpt of article by Angela East courtesy of Stockhead

Gold – check. Australia’s richest woman – check. Need I say more.

Of course this one is in this week’s top 10 because everyone wants to know where Gina Rinehart is dropping her cash.

And this week she has become Catalyst Metal’s (ASX:CYL) largest shareholder after she took part in a recent placement.

This explorer controls a stretch of ground on the so-called Whitelaw Gold Belt in Victoria, a structure which the explorer believes is responsible for the formation of the Bendigo gold deposits (historically ~22 million ounces of gold produced at a grade of 15g/t).

Not only is it good to have a billionaire in your corner, after this latest placement Catalyst will now have cash at bank in excess of $20m heading into 2020.

 

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