The return of the gold mine failed to hinder the gold expansion in Shandong

Every reporter Zhangjilu "really is too unexpected", a well-known brokerage analyst told reporters, is already a certainty of things actually did not.　　Today, Shandong Gold (600547, close 62.66 yuan) issued a notice, the company acquired Pingyi County return Zhuang Mining Co., Ltd. (hereinafter referred to as the return of Zhuang Gold) 70% state-owned shares, due to the lack of approval of the Shandong Sasac, led to the takeover fell through. The analyst believes that the purchase of Shandong Gold has been the support of all parties in Shandong Province, the company June 7 this year with the Pingyi County government signed the "on the return of Pingyi County Mining Co., Ltd. Equity transfer and increase capital shares agreement",　　With its own capital of 516 million yuan to acquire the return of Zhuang gold mine state-owned shareholders returned Zhuang gold mine total 70% Equity, on June 9 to the Pingyi County People's government paid 50% of the equity transfer price of 258 million yuan. Return Zhuang Gold Ore acquisition is the second time since last year, Shandong Gold foreign acquisitions, return Zhuang gold reserves of mineral resources 2.0929 million tons, of which 16.26 tons of metal, gold average grade of 7.77 grams/ton, silver metal volume 28.18 tons, silver average grade of 13.46 grams/ton.　　From the acquisition price, about 45.33 yuan/grams, higher than the previous company to acquire the 36.51 yuan/gram of the son ore cost.　　The analyst said that the return of the acquisition of gold ore will be controlled by Shandong Gold resources to increase the gold 16.26 tons, equivalent to 10% of the company's gold reserves, its 7.7 grams/ton of grade than the company's current average grade, conducive to reducing the company's production costs. Market participants speculated that the current gold price maintained at the top of the 900 dollar/ounce high operation, and the possibility of breaking thousands of years, in such cases, after the return of gold mine equity evaluation may be underestimated, so that can explain why the SASAC did not pass the equity transfer issue. Pingyi County Government will be within 3rd of the agreement, the company has paid 258 million yuan equity transfer money returned to Shandong Gold.　　With the failure of the acquisition, Shandong Gold has to transfer the focus of the purchase. Shandong Gold June 23 to the Shandong property Rights Trading Center conditionally submitted to the listing price of 669 million yuan but not more than the price of 1.3 times times the listing price, bidding for Laizhou Geological Mineral Exploration Co., Ltd. in Shandong Province held Laizhou Xin Gold mine prospecting right of the 55-91 Exploration Line Mining section of the application.　　The company has received the confirmation notice of the Shandong property Right trading center, becomes the final assignee of the geological prospecting company to transfer the prospecting right. Shandong Gold reported close to 62.66 yuan yesterday, down 1.4%.