The last time a similar thing happened was 6 downs in a row in sp (red candles) ending 3 April 2020 followed by 7 straight candles up in a row ending 16 April 2020.
I did not like the way Gibbs answered the question about the impact on gold resources to be mined because of the significant increase in gold price.My thoughts are that the increase in Gold price would mean a substantial increase in the number of profitable ounces to be mined and dramatically increase the life of the Gruyere mine.If you have recouped all of your construction costs in the first 10 years then the marginal cost is much less to produce an ounce of gold.
Only a true buyer can stem this price smashing but the big instos will most probably only invest if there is a dividend flow.
The Chairman may be aware of good drilling results in the short term pipeline. If not he needs to go because his statements at the AGM have smashed shareholder value.
Keep The Faith
Gold Investors Unite
Amazing, page-120
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Last
$1.71 |
Change
-0.030(1.72%) |
Mkt cap ! $1.852B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.70 | $2.971M | 1.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12396 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 3919 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| GOR (ASX) Chart |