Resolute Mining says it will pay Mali $160 million in tax dispute
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.
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While most fund managers seemed to stick with the status quo and remain in gold and silver last week, some notable hedgies are taking profits and looking elsewhere, reports the Wall Street Journal.
Sources tell the paper those include: George Soros. His $28 billion hedge fund firm, now run by Keith Anderson, believes deflation is less of a threat.
Flickr image is from the World Economic Forum.