This is a comment from Barry Fitzgerald this morning. Basically it is saying gold explorers are lagging the gold price increase and it implies they will be rated upwards if the POG continues to be at current levels or higher and states the rerating will speed up if they announce good assay results.
"As mentioned earlier, gold’s inflation-fear run up to $A2,450/oz should be seen as a major confidence boost for the sector.
The trouble is that when it comes to restoring share prices to the levels they were when gold in Aussie dollars was last at these levels in January, the market is taking its time, particularly when it comes to non-producing juniors.
The process is best sped up by the juniors releasing exploration results, ideally impressive ones. But that too is taking time because of the huge delays in the assay labs.
Still, there are examples where gold juniors are commanding attention – and a market re-rating – in response to impressive exploration results."
This is a comment from Barry Fitzgerald this morning. Basically...
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