- I don't know if the Greece issues will blow-up or if there will be more can-kicking.
- I don't know if AUD will drop more due to lowering rates, because despite the past 2 rate cuts AUD has stayed around 76-78 cents. Neither is America planning to increase rates for some time as per the latest FED meeting last week which saw the gold price jump to $1200.
- I agree with negative sentiment in this sector which sees most gold producers suffering more than the gold price and there is a lot of upside.
I'm bullish on the long term price of gold, gold producers and am heavily invested in goldies including RRL. I find Regis has competent management but not the best assets due to lower grade mines, so they've faced a fair whack of challenges. They don't have an aggressive growth strategy like NST and that's why they haven't seen the same upside NST has. I think given time Regis will perform better and if they acquire better mines then things will improve tenfold.
With RRL there is definitely low downside risk, although it hit a new 52 week low recently of $1.105. This I wouldn't worry about as it's usually the institutional buyers manipulating price to enter large positions at lower prices.
I'm in the red at present but I keep holding as I have faith that things will turn around.
Cheers
Dhruv
Chart and Fundamental Analysis - 23 May 2015, page-33
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Last
$1.67 |
Change
-0.060(3.48%) |
Mkt cap ! $1.257B |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.66 | $9.199M | 5.506M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 92731 | $1.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.67 | 41930 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8999 | 1.665 |
10 | 74491 | 1.660 |
7 | 43677 | 1.655 |
14 | 111885 | 1.650 |
1 | 4326 | 1.645 |
Price($) | Vol. | No. |
---|---|---|
1.675 | 14326 | 2 |
1.680 | 4326 | 1 |
1.685 | 4326 | 1 |
1.690 | 10326 | 2 |
1.695 | 47426 | 4 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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