4
December
Paulson May Have Made $45.3 Million on Detour Gold
4 December 2009 Bloomberg.com
Hedge-fund billionaire John Paulson may have made about C$47.9 million ($45.3 million) in less than five weeks from his stake in Detour Gold Corp., his latest reported investment in a gold company.
Paulson & Co., based in New York, held 10.3 million shares of Toronto-based Detour as of Oct. 31, according to a Nov. 10 regulatory filing. Of the 10.3 million shares, 8.45 million were issued in an October share sale. The stock has gained C$4.65, or 35 percent, since Oct. 31 to C$18 a share today in Toronto.
http://www.bloomberg.com/apps/news?pid=20601087&sid=awEPU0P3uJX0&pos=6
