Gday Chuk and Redimoney. Companies such as Newmont, BHP and Rio Tinto are not big on releasing results to the market.
In Terms of Newmont when you have a total resource of a 142 million ounces, there share price isnt impacted by the find of a 2 million ounce deposit. As far as im aware in terms of asx listing rules, correct me if I am wrong. Results only have to be released if they are going to have a significant impact on the share price.
These very large mining houses there share prices are more influenced by profit results, profit guidance and current commodity prices.
I believe these large companies like to keep a lot of there mineral discoveries a secret for as long as possible, so they can buy up leases and explore futher a field as cheaply as possible.
I hope my answer helps and makes sense.
- Forums
- ASX - By Stock
- PRX
- 1 million ounces, easy peasy
1 million ounces, easy peasy, page-12
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4204859 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 25201753 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 4204859 | 0.002 |
29 | 77764704 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 25201753 | 27 |
0.004 | 9428666 | 12 |
0.005 | 4895870 | 8 |
0.006 | 2966667 | 6 |
0.007 | 7600000 | 3 |
Last trade - 10.06am 12/08/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |
Day chart unavailable