CAPITAL MARKETS

Analyst criticises Lihir raising

LIHIR Gold's US$150 million equity raising has attracted scathing criticism from Credit Suisse First Boston analyst Michael Slifirski, who has described it as an opportunistic placement that confirms poor management confidence in the value of the company's asset.

Michael Quinn

Analyst criticises Lihir raising

Slifirski said Lihir was assessed by CSFB as not being a sound investment, with little long-term attraction. "We struggle to find appeal in companies that need to repeatedly come to the market to raise...

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