Regardless of who is selling for whatever reason, price is still meeting good support above that Psy 2.00 level. Not being complacent but this is currently the best looking trend in the entire Oz sector. The company will go on making margin and $$ and do not need to be side tracked in aggressive cost cutting that impact production.
No doubt from BB's comment in The Business last night, I am still a bit worried that he is contemplating growth opportunities should the gold price falls at a steeper rate than AUD. As I mentioned in the gold thread, I am personally worried where GP/USD is heading on that technical break level from last Monday but not worried enough to be buying weakness in the SP if the opportunity arises.
Better to patiently wait for price to come than FOMO.
Ann: Quarterly Activities Report - June 2015, page-24
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$15.79 |
Change
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Mkt cap ! $18.15B | |||
| Open | High | Low | Value | Volume |
| $15.85 | $15.98 | $15.71 | $52.51M | 3.319M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3804 | $15.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.79 | 55788 | 1 |
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