This is unbelievable, gold is at a 6mth high of AUD$1443, and pxg is at 9c, pxg was 16c 6mth ago when gold was AUD$1380 and now we are at AUD$1443 and pxg have released a few good updates in the last 6mths and yet our stock price has halved in that time, this just proves what a joke the stock market is for investing, pure common sense would say pxg should be up over 16c by now, with the first gold pour and gold price in AUD$ soaring, but its the total opposite.
it really is a casino the asx., its actually worse than the casino because at least in the casino you know what % the house advantage is when your playing a table game, and you know the game isn't rigged, with the asx when buying stocks, you think your buying a well run business but the next day they could announce a placement 30% below the last days trading price,lol
or a broker could come along and short a company for no reason at all, even when their is nothing wrong with it, and they call it "investing" in the asx, it should be called gambling on the asx, the asx is worse because they deceptively pretend buying stocks is investing, but in reality its a total gamble, even if your company announces good results, someone comes out of nowhere and shorts it.
that's gotta be whats happening to pxg at the moment, why would investors be selling pxg down to 9c makes no sense at all, they must all be selling at a loss, why would you sell a company that's growing all the time and the gold price is going up, makes no sense.
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