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($) | Vol. | No. |
---|---|---|
68.5¢ | 106591 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 149289 | 0.680 |
2 | 101353 | 0.675 |
5 | 303647 | 0.670 |
5 | 382144 | 0.665 |
7 | 347621 | 0.660 |
Price($) | Vol. | No. |
---|---|---|
0.685 | 106591 | 4 |
0.690 | 763966 | 22 |
0.695 | 863044 | 10 |
0.700 | 935269 | 30 |
0.705 | 235289 | 11 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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