RSG is way oversold, 3 month price target 57 cents to 69 cents. Company's underlying operations have not changed, low AISC, plenty of liquidity and cash flow to service debt with limited downside risk on the gold price falling.
RSG will always have sovereign risk detractor limiting price growth, 10 day price channel is narrowing and 20 day RSI oversold, primed for an increase.
What's everyone's opinion on price near term? Van Eck increasing their position recently is a positive will be interesting to see if they sell down due to the recent sell off over the next 2 weeks but I doubt Van Eck will be selling.
RSG Price at posting:
41.3¢ Sentiment: None Disclosure: Not Held
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