why falling?, page-2

have a look across all usd gold producers. even aud gold producers have peeled back for the most part.

rsg's always acted as a usd gold stock - because most of its income is in WAF ie USD - and right now its also a very weak production outlook s/t

simply put - when usd gold falls hard any stock with a soft immediate production outlook tends to take it in the kidneys - its a natural shorting target - no threat of major income news blowing shorts out - and market will always target those that have taken on signficant debt like RSG has - because those are the stories that get in trouble if the commodity falls longer and harder than most expect

RSG atm is effectively a quasi developer stock - and as such is being priced back for that development risk. Deliver on its sub $800/oz aisc at Syama and that all changes.

but until its proven - market will price ??s into the market cap

usd gold stocks still falling despite gold being reasonably stable. pure aud gold stocks with good immediate production profile generally holding up

as i said a few months back - imo it was overpriced at $1.30s plus because of that development risk

its an undervalued producer but an overvalued developer - so buying anywhere in here is good buying with a 2+yr view is you;re willing to assume all plans come in on or close to spec

but market can do nasty things on the way to that outcome