daytrade diaries.. thursday, page-16

IAU
This debt-free gold miner should substantially benefit from a stronger gold price due to its limited hedging position.

Production is forecast to average about 90000 ounces /A at an average cash cost of between US$400 to US$425 an ounce going forward.

Brokers have expected earnings growth of 40%.
It formed such a nice consolidation pattern all day.

Shares on Issue 415,762,475
Price (previous close in cents) 28
Market Cap ($) 116,413,493
Asset Backing (cents per share) 11
Price To Assets 2.55


I think we might see some nice movement.The interest in IAU has been rising.....

DYOR

Cheers