Good posts. There may be some corporate action coming.
The perfect storm for RSG would be a steady rise in the POG + a gradually increasing risk appetite across the market + some exploration success + Syama coming on the grid and costs falling + a bit of take-over speculation.
Gold equities historically increase in value as the POG comes off highs. A big jump in POG together with a fall in risk appetite would probably see the share price soften.
$3 by the mid year results in late Janurary is not out of the question.
ripe for the eventual take-over ?, page-5
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Last
79.5¢ |
Change
-0.025(3.05%) |
Mkt cap ! $1.692B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.5¢ | 78.8¢ | $13.51M | 16.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99731 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 14152 | 1 |
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| RSG (ASX) Chart |