Notice how every swing high has had rapid retreat and often big gaps downwards. This time we are sitting at the upper lip with late selling keeping the close sp under these zones. It sounds like they are trying to keep it low in anticipation of something like a big announcement. Could also be holding in the top lip because of gold spot prices and that we could be heading down to 1$ if gold spot folds again. But then i look to the left and see that 2019's swing low in November boasting the same share price as current. So whats the difference between then and now? higher gold spot price and higher production as of current. I agree they have dropped the ball on exploration announcements, but with a glass half full attitude and some faith in management its a great opportunity to accumulate. Especially when management is telling you they are going renewable (which puts a smile on the governments face) and that it will save costs. Win even though NPV of the project is not as high or negative in comparison to lets say Exploration results, it can open up other drivers of share price such as more funds that are able to invest (more ethical), and possible incentives for the government to approve further project as they know gor has a focus on cleaner mining.
Chess not checkers folks. Rome wasnt build in a day.
Not financial advice, goodluck share holders
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$1.68 |
Change
-0.035(2.05%) |
Mkt cap ! $1.814B |
Open | High | Low | Value | Volume |
$1.70 | $1.73 | $1.67 | $10.01M | 5.931M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 180015 | $1.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.69 | 4265 | 1 |
View Market Depth
No. | Vol. | Price($) |
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9 | 180015 | 1.670 |
4 | 81277 | 1.665 |
3 | 56950 | 1.660 |
1 | 4265 | 1.655 |
11 | 107173 | 1.650 |
Price($) | Vol. | No. |
---|---|---|
1.685 | 4265 | 1 |
1.690 | 48907 | 4 |
1.695 | 35803 | 2 |
1.700 | 17188 | 4 |
1.705 | 4265 | 1 |
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