Hi all, I have read and enjoyed the posts in here so thank you for your efforts both positive and negative.
I just bought in this week. A modest position and really happy to be here for at least 6 months or while gold hammers higher.
EPS of 10cps and a P: E of 4.14 with improving metrics in a gold breakout that is long overdue. What is not to like?
Yes the $50M is a high probability and net debt free is a good milestone. Hedge free is a massive bonus.
Some have said it is always undervalued yet I have seen this stock at $2.40 and traded and invested in it over many years.
I really like the new management performance which can only be measured over a period of time. They get that tick.
The LOM is long and positive as Syama is a world class deposit with major upside for years to come.
Gold is being set free at last. The long consolidation over the past 4 years has built up potential energy. The long moving averages prove gold is cheap at these record prices. Consider house prices at a peak pre-2008 and examine the price appreciation since. Recency bias kicks in on all of us so it is essential to look at the long term picture for perspective. I prepared the chart below last year before the close. Take the price targets as potential only at this stage. I follow the market rather than "deciding" what I think it will do. But like a business plan you have to have that in place to measure where you are and where you might be going.
The bottom line is... momentum wise; we have seen record daily, weekly, monthly, quarterly and now annual record closings. The big money is buying with their ears pinned back.
GLTAH CW
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Last
63.8¢ |
Change
0.028(4.51%) |
Mkt cap ! $1.383B |
Open | High | Low | Value | Volume |
64.0¢ | 65.0¢ | 63.0¢ | $1.551M | 2.422M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 44371 | 63.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
64.0¢ | 132656 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 44801 | 0.635 |
16 | 174636 | 0.630 |
11 | 109219 | 0.625 |
11 | 327471 | 0.620 |
12 | 983338 | 0.615 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 132086 | 26 |
0.645 | 156692 | 15 |
0.650 | 466549 | 14 |
0.655 | 62541 | 6 |
0.660 | 256797 | 8 |
Last trade - 11.29am 29/07/2024 (20 minute delay) ? |
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RSG (ASX) Chart |