Maybe they see the AUD falling rather than USD Gold rising.
Whilst high AUD gold is ok for domestic costs, a lot of mining inputs are USD based … fuel, machinery so the exchange rate will have some effect on profitability.
That’s why their interested in signing in AUD imo.
RMS Chart, page-2092
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 (20min delay)
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Last
$1.90 |
Change
0.038(2.01%) |
Mkt cap ! $2.163B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.92 | $1.88 | $1.242M | 656.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 38559 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 18439 | 9 |
View Market Depth
| Last trade - 11.49am 31/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |