In GOLD They Trust (1): Johan Lensa’s PSAB
Gold is now traded around US$1247 per ounce, gained 3% month-on-month, but down 0.43% year-on-year. Gold miners in Indonesia, including PT J Resource Asia Pasifik Tbk (PSAB), a company controlled by Johan Lensa family, however, proceed with their expansion programs. With market value of Rp5.03 trillion, PSAB is not even half of Merdeka Copper Gold (MDKA).
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