REZ 3.85% 2.5¢ resources & energy group limited

Ann: Pause in Trading, page-14

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  1. 38 Posts.
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    "Are you for real?"
    yes...incase you dont follow world events, here is the case for the comment...

    (a): the present record high aud gold price is in part due to the exceptional aud/usd exchange rate but, is largely due to the conflicts in europe and the middle east, in particular the threat of war between israel and the local islamic states and now includes iran who threaten retaliation against israel for the strikes on iranian territory...this is a real threat because iran is more than capible of matching israel even though neither side is likely to use their nuclear capabilities, the us would be likely to come to the aid of israel making for a defacto ww3 senario.

    (b): australia would have no obligation to contribute to either side, and would be able to sit back and benefit from the bloodbath that would follow, in particular the australian gold miners would benefit, benefit from the suffering and death in the middle east.

    (c): the least that those australian goldminers could do from an ethical standpoint is directly give aid to the greatest sufferers, the palastinians, and particularly medical aid.

    (d):how much of the recent gain in rez share price is due to the record gold price? probably little, but more to do with an over optimistic announcement.
    we've seen these sp spikes, (shortlived), before but this latest rise, almost doubling of market cap may not be sustainable based on the projected profit from the mining trial proposed.

    (e): if the current rez share price is sustainable it would be more to do with the positive sentiment about the gold price which is directly related to how many people die in the middle east.
 
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Last
2.5¢
Change
-0.001(3.85%)
Mkt cap ! $16.72M
Open High Low Value Volume
2.6¢ 2.6¢ 2.5¢ $9.455K 370.9K

Buyers (Bids)

No. Vol. Price($)
1 296732 2.5¢
 

Sellers (Offers)

Price($) Vol. No.
2.6¢ 113347 2
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Last trade - 15.44pm 15/11/2024 (20 minute delay) ?
REZ (ASX) Chart
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