I think gold price will be suppressed for the next month or so unfortunately. On the technicals we have had a gold breakdown in which I believe we need a consolidation phase before retesting the long term downtrend (and hopefully a break).
Unfortunately, due to the high correlation this stock has to the gold price I do not expect much to happen over the next month unless management are able to spin doctor some announcements.
Like it as an investment and would be getting in cheap if you are patient, but better things exist on the one - two month horizon.
All in my opinion, good luck to us holders.
I think gold price will be suppressed for the next month or so...
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $10.09M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 10.0¢ | $46.31K | 421.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 75423 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 34388 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PGO (ASX) Chart |