Hmm. Bit irrelevant IMO.
Financials are being subjected to a, share price destroying, Royal Commission. Besides, they are long term investment shares for franked dividend players. GCY is a totally different play. All these Gold hunters start out as very speculative, some would suggest 'gambling' play. This company has done the full race from drilling holes to eventually building a great new mine with lots more potential around it. Comparing to the general market and in-particular, the financial sector is ridiculous. No significant upward SP move on first pour of Gold is bizarre in itself. Then further positive drilling results and the SP goes down?
And are you watching Wall Street? we are still in the latter stages of a long Bull market, so 'Bearish market sentiment' - I don't think so?
Heard GDP up to 3+ % in our economy today.
Just don't get the lack of further improvement in SP.
Unless your saying - all this positive stuff is already priced in, you have not enlightened us at all!
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