RSG 8.73% 68.5¢ resolute mining limited

At the moment the whole gold sector is in a slump due to brokers...

  1. 42 Posts.
    At the moment the whole gold sector is in a slump due to brokers forward predictions of a $1200 gold price.

    If gold breaks through $2000 per oz, and continues towards $2500, those brokers may adjust their models to a more realistic forward gold price say of $2200. I am hoping this happens in 1 -2 years time.

    This is all just guess work, based on the gold bull run so far.

    I like to base my calculations on a $2000 gold price, and do my analysis of profits etc, based on that.

    So then companies like RSG may attract valuations 3 to 5 (and maybe more) times higher in market cap. Let's hope there is not too much share dilution, or dodgy takeovers before then.

    I am holding onto my shares until we breach $2200, then I will take some profits in anticipation of the next manipulated JPM takedown.
 
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Last
68.5¢
Change
0.055(8.73%)
Mkt cap ! $1.458B
Open High Low Value Volume
66.0¢ 69.0¢ 65.8¢ $11.58M 17.08M

Buyers (Bids)

No. Vol. Price($)
3 149289 68.0¢
 

Sellers (Offers)

Price($) Vol. No.
68.5¢ 106591 4
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Last trade - 16.10pm 19/08/2024 (20 minute delay) ?
RSG (ASX) Chart
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