Can't be justified can it ...you're right !
BUT people invest by looking forward .... all the gold stocks have a lower GP factored in .
ie. The market thinks GP will fall and is working on that basis .
A bet on a gold stock is a bet on the GP .
A matter now as to whether GP actually DOES fall appreciably or not .
I'm an investor with faith in the company , which I can see you see the merits of , so worst comes to worst and the GP does fall I'll wait it out .
Suppose you've noticed RMS dividend yielding .
RMS at key support levels, page-66
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Last
$2.39 |
Change
0.050(2.14%) |
Mkt cap ! $2.760B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.39 | $2.31 | $10.43M | 4.411M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4100 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 41331 | 7 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |