Hi all, I have read and enjoyed the posts in here so thank you for your efforts both positive and negative.
I just bought in this week. A modest position and really happy to be here for at least 6 months or while gold hammers higher.
EPS of 10cps and a P: E of 4.14 with improving metrics in a gold breakout that is long overdue. What is not to like?
Yes the $50M is a high probability and net debt free is a good milestone. Hedge free is a massive bonus.
Some have said it is always undervalued yet I have seen this stock at $2.40 and traded and invested in it over many years.
I really like the new management performance which can only be measured over a period of time. They get that tick.
The LOM is long and positive as Syama is a world class deposit with major upside for years to come.
Gold is being set free at last. The long consolidation over the past 4 years has built up potential energy. The long moving averages prove gold is cheap at these record prices. Consider house prices at a peak pre-2008 and examine the price appreciation since. Recency bias kicks in on all of us so it is essential to look at the long term picture for perspective. I prepared the chart below last year before the close. Take the price targets as potential only at this stage. I follow the market rather than "deciding" what I think it will do. But like a business plan you have to have that in place to measure where you are and where you might be going.
The bottom line is... momentum wise; we have seen record daily, weekly, monthly, quarterly and now annual record closings. The big money is buying with their ears pinned back.
GLTAH CW
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Last
66.5¢ |
Change
-0.005(0.75%) |
Mkt cap ! $1.415B |
Open | High | Low | Value | Volume |
69.5¢ | 70.5¢ | 66.5¢ | $7.291M | 10.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 382497 | 66.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.0¢ | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 282497 | 0.665 |
14 | 686713 | 0.660 |
4 | 182227 | 0.655 |
14 | 232891 | 0.650 |
3 | 60901 | 0.645 |
Price($) | Vol. | No. |
---|---|---|
0.670 | 6000 | 1 |
0.675 | 292247 | 7 |
0.680 | 335575 | 7 |
0.685 | 202839 | 6 |
0.690 | 153691 | 8 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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RSG (ASX) Chart |