Gold highest prices in eight and a half years.
Where was NRW eight and a half years ago ?
In November 2011 (the share price was $2.47 on the day) it released its Annual Report :
https://hotcopper.com.au/documentdownload?id=tuE7JrfFgm/OGe3kZXKcGG+mTBQMtl/pmg3yhYFckqskS7/SEYwUDQoxaEr1k1RIij19P9lMc5+6odjICIo1yeEjZA==
By December 6, 2011, when gold was priced at these levels, the share price was $2.88.
Our last update was May 20, 2020 ;
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD5Ae7yRGZruBxke92GA==
That day the price opened at $1.65 after falling as low as $1.00 since the pandemic was declared on market uncertainty.(Anf fund exploitation?)
Sadly the exploitation seems to have continued.
Let’s hope this FY year improves ?
And as far as Jules goes, hicks, I am sure he is smart enough to take these prices on the chin, and may even be pleased the company is under-valued rather than over-valued (who wants an inflated price in this economic climate?)...
But I feel your disappointment too!
cheers
.
Ann: Gascoyne Resources Update, page-38
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