POG is not strong yet, it is volatile and could drop down dead anytime....
There is no strong support for the POG at the moment if you see the charts for previous 6 months. The US dollar and POG do not travel together... if USD gets stronger, then the POG drops and there is much politics playing right now with the POG
The other issue with the miners is high production costs which doesn't give much profit when compared to the POG. At present costs, all the gold miners are in deep shit...
The could hope to see decent profits in the production only if the POG trades over $1350; can it reach above $1350 and the million dollar question is can it be stable at that point with out dropping back again????
Beware before you purchase!!! IMO, this SP is worth 0.37 with the company valuation and the debt they have
All IMO, DYOR
difficult to pay off huge debt, page-12
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $188.2M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.0¢ | $474.8K | 2.022M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 853701 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105454 | 4 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |