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25/07/22
16:58
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Originally posted by oldgold64:
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When things are at the darkest point ,a flicker of light will shine. NML is not the only producer been absolutely smashed , the MIDCAPS have been thrown to the wolves. SBM @15% of its all time high. RRL@ 20% OF ITS ALL time high RMS @ 30 % OF ITS ALL TIME HIGH SLR @ 40 % OF ITS ALL TIME HIGH CHN @ 30% OF ITS ALL TIME HIGH DCN@ 2.5% OF ITS ALL TIME HIGH RED5 @ 60 % OF RECENT HIGH with a new mine which will produce 200k ounces at AISC $1500 AUD up and running. MKR @ 40% of recent high even after doubling production and profits for March quarter. The list goes on & on , what we are witnessing is a controlled demolition of the PRECIOUS METALS MINERS by the FINANCIAL ALCHEMISTS to frighten generalist investors away from this sector and back into the financial casino that is the playground of the institutional brokers and funds manager vampires. HAVE NO DOUBT , THE BIG END OF TOWN IS POSITIONING IT SELF IN THE PMs & RESOURCES SECTOR ATM and soon will let it fly, while the generalist investors get slaughtered in the casino. I spent the last 2 days investing in strategic midcaps way oversold by their nervous nellie SH. GLTA
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I don’t know where you sourced those figures but some are way off eg CHN is about 60% off it’s all time high and SBM is 50% off it’s high in the last year. I have not checked any others.