Many members seem to delight in rabble rousing- it's pathetic. Re-balance this, GDX that; shorts this, shorts that; gold price this, gold price that... The attempts to demoralise borders on the wicked. The ability to reason appears lost to our youth, it also appears lost to many members.
The AUD gold price has barely dropped below $2,200 this quarter. The company is producing 400,000oz a quarter. But the profit is only approximately $600 an ounce...Oh, the humanity!
Let's get serious or let's not bother. As a former SAR holder, the most disappointing thing is the amount of rubbish posts on the NST thread. What's going bad first, NST or almost every other gold company list in Australia? Re-balance, they shout...! The quarterly report will be out soon enough. The doom and gloom talk is inane, sometimes you have to give the baby its bottle. Now the sellers are in control, but that will turn just as there was the run up to $16.
From the BMO Metals & Mining Conference -March 2021 presentation-
"Aggressive drilling across Yandal district - 25 rigs working."
"Aggressive drilling across Pogo - 13 rigs working after COVID-19 hiatus:..."
"1.5–1.7Moz at AISC of US$1,080-$1,190/oz" "CAPEX $485 million"
Yeah, all that from a company going nowhere... #lolz #Insert cropped chart here--->
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Open | High | Low | Value | Volume |
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3 | 16927 | 15.890 |
1 | 5557 | 15.880 |
3 | 19242 | 15.870 |
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Price($) | Vol. | No. |
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15.940 | 1000 | 1 |
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