My view is that most mining / processing costs are referenced to US$ contracted rates. So the increase in Cedi should impact the mining services companies rather than PRU. Nevertheless, the market is spooked.
Having said that I expect a substantial shareholder notice within the next couple of days - Van Eck selling more of its holding. Once its done, the selling pressure is off and the share price will reflect the improved financial and operating position of PRU
DYOR
My view is that most mining / processing costs are referenced to...
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Last
$2.53 |
Change
0.060(2.43%) |
Mkt cap ! $3.480B | |||
| Open | High | Low | Value | Volume |
| $2.53 | $2.54 | $2.48 | $12.76M | 5.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22912 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 5238 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PRU (ASX) Chart |