The beauty of these drilling programs is that they are funded with free cash flow generated by the recent rise in the POG. We are fortunate to have a wealth of exploration targets right on our doorstep. Just a not on POG. Taken a hit of late. The A$ has firmed against $US. Would suggest that as 2020 unfolds the $US will continue to weaken. While it will be good for $US POG the A$ POG will eventually take a hit. Unless the RBA drops interest rates again.
Check out this George Gammon tut about the POG
https://www.youtube.com/watch?v=HpqJ-sFScxA&t=231s
Ann: New resource drilling programs to commence around Darlot, page-6
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Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |