Essentially it means that they are a relatively low margin producer whose margins will increase substantially if gold moves higher. The share price will therefore be relatively more volatile than say a producer like Perseus.
On top of the earnings leverage to gold they have additional trading beta because they are a single mine producer in West Africa.
- Forums
- ASX - By Stock
- Ann: Tietto Produces 11,191oz Au in August & Updated H2 Guidance
Essentially it means that they are a relatively low margin...
-
- There are more pages in this discussion • 91 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)