That revenue (record) production didn't do much to pump valuation under the current bearish gold sector sentiment.
I can't help but look at XAUAUD and it is really falling off the cliff unfortunately. XGD correlates strongly too.
We had it for so long (AUD doing heavy lifting) that we have taken thgis for granted. LT Fibs suggest maybe the 50% or circa very low AUD$2000 level could find a base but $1900 is definitely when it could be another possibility. Those are levels of gold valuation where we could likely see more TO in the sectors?
New broker reports, page-6
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Last
$1.95 |
Change
0.035(1.83%) |
Mkt cap ! $2.223B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $1.98 | $1.94 | $6.725M | 3.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 53480 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 3591 | 1 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |