With the current gold price at $2540/Aud and basically at the highs of the entire year of 2021. Why are gold stocks trading asif the gold price is $1600/Aud and in a full blown bear market?
BCN going to have a good month & Qtr with the sales, selling at the highest averages we've seen all year, some of the sales higher the the hedge position with have.
All the above should be bullish for BCN, instead, things are backwards, we've hit a new 52 week low.
Think i get how the markets works now. So when the POG hits $2650/Aud. BCN will drop further down to 2cents.
Good fundamentals is the New Bad fundamentals.
Bad is the new Good.
Ann: 2021 Annual General Meeting Presentation, page-63
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Last
2.2¢ |
Change
-0.001(2.22%) |
Mkt cap ! $82.64M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $42.07K | 1.903M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3018162 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 1525483 | 6 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| BCN (ASX) Chart |