The market hasn't reacted to the report because nothing has changed. It confirmed high grades, which was already known. The gold market is still very skittish and will continue that way until investors are confident of a sustained upward movement in the POG. Too many burnt fingers in investor land. Gold producers are being revalued almost on an hourly basis according to POG. ABU has very good, high grade deposits but until it gets that ML and has a consistent cash flow its all just blue sky or grey sky depending on the day.
Good luck to all
The market hasn't reacted to the report because nothing has...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $4.235M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $520 | 260.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 7189364 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 11456819 | 13 |
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| Last trade - 10.06am 22/08/2024 (20 minute delay) ? |
| PRX (ASX) Chart |