Just a question regarding Resolute. I regard it as ridiculously cheap.
I know other posters have similar thoughts, but why is it so?
Is it its previous history that's holding it back? Is it that it produces its gold in Africa so the price is discounted?
With respect to the capital return, will people jump on board in the next few weeks to get the return or do you think that has already occurred?
For what its worth, IMHO, RSG is more likely worth $1.50 plus even in this current environment.
RESOLUTE - WHY SO CHAEAP
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Last
68.5¢ |
Change
-0.010(1.44%) |
Mkt cap ! $1.458B | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 70.5¢ | 67.5¢ | $6.246M | 9.070M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 133862 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 159867 | 5 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RSG (ASX) Chart |