When you compare P.O.G to recent highs it is hard to justify. We reached a high of $0.89 when gold got around US $2700. Now even with the new associated costs with the Government, we are still making more per ounce than ever before. The government will be happy as they have raised a lot of money from miners from abroad. If it was Australia id hope the gov. gets a fair whack out of resources dug up here.
With regard to drop in SP, I would imagine many investors would be banking recent profits as millions of shares were traded around $0.35. That's around a 30- 40% gain over a very short time. With proceeds from these profits investors will look for opportunities to buy other undervalued companies which have had a significant fall most likely in response to Trump and his shenanigans.
Still seems like good value really when you do the sums - (all baring a military takeover of all the assets that is but when you think about it they would be collecting large sums for effectively doing nothing so I imagine this current arrangement is good for the gov in power)
GLTAH
RSG Price at posting:
44.8¢ Sentiment: Buy Disclosure: Held
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