Most gold juniors have been hit hard. Even today more gold juniors were falling than rising even though there was a US$20 rise in gold overnight and leaders like NCM and LGL were strongly rising.
Mind boggling stuff.
PRU's decline has more to do with market sentiment for juniors which at present seems to me to be irrationally negative.
That means PRU and numerous other juniors look to me to be absolute standout bargains with gold currently US$926.
A number of articles are on Kitco looking at this amazing market under valuation of juniors.
For example:
"In my piece 'Juniors - Buy of a Lifetime' of January 25 I pointed towards the extreme undervaluation of the junior gold shares against gold and suggested that a tremendous 'BUY' opportunity could be right here right now indeed."
http://www.kitco.com/ind/Hommelberg/feb192008.html
why, page-5
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Last
$2.59 |
Change
0.040(1.57%) |
Mkt cap ! $3.564B | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.64 | $2.58 | $12.41M | 4.781M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3000 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.59 | 13236 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |