The low liquidity exacerbates moves in both directions.
As far as I am concerned this re-rating is deserved. A run through my spreadsheet (at 520k oz production) would indicate it has a lot more to run (lots of assumptions I know).
Management strategy is being rewarded despite execution risk.
Charlie Aitkien out with an AUD forecast of 68c (down from 75c) whilst Macro Business has a 65c target, medium term and lower long term based on a commodities bust (gold is not a commodity!) which, if eventuates, should provide some protection against adverse POG moves.
Cheers
John
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Last
61.0¢ |
Change
-0.015(2.40%) |
Mkt cap ! $540.6M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 63.5¢ | 60.5¢ | $1.232M | 1.994M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 36658 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 39559 | 4 |
View Market Depth
| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |