Totally agree, RSG share price one year ago was almost at 2$ level when the gold price per ounce was only at 1200$. Fast forward one year later, the gold price jumped substantially up to 1750$ yet the share price of RSG went down to sub 1$ level. Something is wrong, either RSG was back then extremely overvalued by Mr market, or it is now way undervalued by Mr market. Mr market got it wrong one way or the other. I believe it is the latter rather than the former. IMO a re-rate is coming very soon and I really wish I have spare cash to add to my position. Moreover they are now going to start hedging at 1750$+ levels which secures a bright cash flow future no matter what happens to the gold price (even though I believe the gold price is heading slowly but steadily to the 2000$+ mark).
Ann: Syama Oxide Exploration Update, page-19
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Last
73.5¢ |
Change
0.040(5.76%) |
Mkt cap ! $1.564B | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.5¢ | 70.5¢ | $11.81M | 16.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 143270 | 72.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 489207 | 13 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |