I sold my RRL holdings at the start of the month (it wasn't really going anywhere) and I haven't jumped in back yet, as I reckon it still might go further down in the next week or two.
RRL is undervalued at this price, however I don't see much upside for gold at the moment. If Grexit happens, gold will go up, but that will also trigger short-term market correction and provide much juicier buying opportunities than gold shares. On the other hand, if EU and Greece make a deal then the gold prices will go down, so possibly some good buys for low-cost gold producers when/if that happens.
Chart and Fundamental Analysis - 23 May 2015, page-35
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Last
$2.00 |
Change
-0.010(0.50%) |
Mkt cap ! $1.501B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.02 | $1.97 | $6.652M | 3.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 15399 | 8 |
View Market Depth
| Last trade - 16.10pm 24/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |