subject: Orfg-stock Watch! Gold Stock Remains Steady! Brought To You By Pennytobuck.com [print this page] Randgold Resources Limited recently announces that, with effect from todays date, Mr Jon Walden, who has served on the Board as a Non-Executive Director since November 2008, has decided to step down as a director of the Company.
Mr Philippe Litard, Chairman of Randgold Resources said: We understand Jons decision and recognise the various opportunities ahead of him. On behalf of the Board we would like to thank Jon for his contribution to the Company and wish him well with his future career.
As time continues to past us by, more and more people are investing in gold as a result of its very strong and continual increase in price over the last five years. Gold prices are up over 182% in the past five years.
So while many stocks and sectors have fluctuated and tanked, some to rebound, some to disappear, gold has remained strong. Along with the purchasing of gold, investors are buying gold stocks.
Of course, the tough part is finding one to buy before the stock goes through the roof. One company that investors might want to check out is ORFG (PINK SHEETS: ORFG) which has optioned gold properties in Columbia. Experts believe that this area looks to be very promising in terms of quantity and quality of the gold that they believe is there. There is presently some production by other small producers in this area.
ORFG is a precious metals acquisition, exploration, and development company. The Company acquires and explores strategically-located precious metals properties in the historically rich gold bearing jurisdictions of Colombia and Mexico. To this end ORFG has signed an option agreement to acquire several properties in Colombia. The Company is listed on the Pink Sheets under the symbol ORFG.
ORFG (PINKSHEETS: ORFG)has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. With the frequent occurrence of the very high grade gold vein systems in the central area of its Senderos de Oro project and with several small scale grinding and amalgamation mills in-place ORFG is planning to design a central processing and recovery facility that is modular in design (each additional module added creates 10,000 ounces of annual production) and will be capable of processing enough high grade material to produce up to 120,000 ounces of gold annually while the Company continues to explore further the Primary Porphyry Target which is the bulk minable gold/copper porphyry systems.
