Agreed,the rain can only be used as an excuse for so long. I suppose announcements coming up to maiden oz need to be extremely positive to charm SP, especially in this market. Maybe they're "keeping there powder dry" so to speak. I for one would appreciate an update but I can hang on IF I see payoff down the track. A solid time-frame would (I think) be positive for the SP and probably provide some downside protection.
My main concern is that the USD POG has a douldrum period during Northern Summer which is coming up to the first pour. If the POG hits it's all-time high again and then drops back, the mainstream is going to be calling this double-top a bursting of the gold "bubble" and gold stocks will be left out of favour for a while - excellent buying opp I know (I'm sure Spott etc will be loading up) but where does that leave the lowly smallfry like me? I've nearly held for 12 months so my dreams of a 50% tax free gain would be dashed! Come on RED SHOW ME THE MONEEEEEEY
red, page-19
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |