Holders should be putting the POG in context. It is currently not that far off A$1600. Have a look at the ten year chart for POG in A$ terms and it shows that we are currently in an historically high gold price environment. It has rarely been higher than A$1600. It sat there for 12 months 2011/12 and for about 4 months at the end of 2012 and a brief spike at the start of this year. Forget about the price spiking due to political tensions. It will spike when the US$ dives and then the A$ goes up and we end up chasing tails.
If Aussie producers can't make good money at these levels then they should shut up shop. Even if the A$ POG were to spike in a big way and attract more interest in the gold sector, its the established producers that will be the beneficiaries.
ABU will be re-rated when they come out with some strong revenue figures, but investors will want to see consistency of performance over time before it's SP will be pushed up much. I think us long suffering holders will have to bide our time and hope that the company makes steady and sustained progress. I don't see an overnight sensation from here. It took NST a long time showing good management and consistency of performance to earn a low PE. Fingers crossed ABU can make that steady climb. Good luck and patience to all holders.
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Last
0.3¢ |
Change
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Mkt cap ! $6.353M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.689K | 1.465M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 27148362 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 21575053 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 27048362 | 0.002 |
21 | 72250599 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 21575053 | 24 |
0.004 | 6276526 | 9 |
0.005 | 4521264 | 9 |
0.006 | 2600001 | 4 |
0.007 | 600000 | 2 |
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