Deutsche Bank will be forced to stump up $127 million after retail shareholders withdrew from gold miner St Barbara's controversial entitlement offer in droves.
The St Barbara saga rounded out a terrible week for the Australian gold sector, as production downgrades and huge share price falls overshadowed the price of gold rising to the highest level in decades in Australian-dollar terms.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
