Posted in another thread in either GOR or EVN forum that AUD weakness / movements are now just as important as the gold price for these equities - perhaps even more so.
AUD has had a little bit of a bounce today.
I wouldnt worry though, AUD chart looks awful and all the fundamentals pointing to even more weakness.
The announcement we're all waiting for; going from high grade explorer to actual small-mid producer will be a catalyst for a big share price move IMO.
I feel the explorers have been underperforming the producers on this recent run up. I dont have the exact numbers or charts to back that up - just a gut feel.
Gold nudging $1975 AUD / OUNCE, page-4
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Last
$1.82 |
Change
-0.025(1.36%) |
Mkt cap ! $1.971B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.83 | $1.78 | $7.452M | 4.120M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22059 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 18949 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| GOR (ASX) Chart |