I'm more inclined to think the sell down may be related to several US articles mentioning that gold dehedging has DECREASED. Whilst the articles come clean and mention that the reason is because many juniors need to hedge to get project finance, PRU is mentioned in those articles as one such company selling forward it's gold production. The recent run up for gold stocks has primarily been those UNHEDGED.
I'll be disappointed if this is true as I think the AU price still has a long way go over the next 12-24 months.
pause for thought, page-16
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Last
$2.53 |
Change
0.020(0.80%) |
Mkt cap ! $3.481B | |||
| Open | High | Low | Value | Volume |
| $2.50 | $2.56 | $2.49 | $8.256M | 3.262M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 35701 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 94196 | 7 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| PRU (ASX) Chart |