From Steve Main of Switzer..
" That’s lots of short term gloom but there are a number of issues in play here. One, Perseus is one of the most highly leveraged gold miners listed in Australia.
That’s great news when the gold price goes up, because profits lift at a greater rate than their peers’ do, but of course the reverse works when the bullion price goes down."
Gold bouncing now...
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4 | 26336 | 2.720 |
6 | 58817 | 2.710 |
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3 | 68713 | 2.690 |
Price($) | Vol. | No. |
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2.740 | 1828 | 1 |
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