pace yourselves. the market and the mania surrounding it as a result of favourable liquidity conditions have created a condition called short-termism or "immediate gratification". take a 2026+ view on this, even 2030+. if the fundamentals continue to stack up and suppose we move closer to a 3m ounce resource (the Marwari system, in comparison to what some other producers showed in their exploration phase, looks very promising) - potential to make significant returns on capital (significant). timeframe - 2026+
in the mean time as mentioned in prior post, expect the market to sell this as gold miners continue to underperform. GDX technically suggesting to me another 20-25% downside. speculative exploration phase companies could be punished even more so. that's my short term view. my long term view, should the fundamentals stack up - investors will be rewarded.
adjust your expectations on timeframe for outsized return on capital.
pace yourselves. the market and the mania surrounding it as a...
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $225.6M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $215.0K | 1.604M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 589737 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 15284 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
13.8¢ |
Change
0.005 ( 5.77 %) |
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| Open | High | Low | Volume | ||
| 13.0¢ | 13.8¢ | 13.0¢ | 486164 | ||
| Last updated 15.58pm 26/04/2024 ? | |||||
| STK (ASX) Chart |