That's the way the market works. Sometimes the value proposition is brilliant and clear as daylight buy people dont buy. Then it moves 5 steps in a day when sp go to 25c, 30c and buyers pile in. We will see it soon.
Gold price is consolidating nicely. The Fed has spelt out clearly the end of rate hiking. It is now just a matter of months before the rate cutting cycle begins and gold price is to move to $2100-$2200 range. Just watch the treasury rate coming down and we know gold price will move up.
For perspective, gold price was up USD $17 per oz last night, that will bring in USD $17 × 3mil Oz ÷ 0.68 (assumed long term average FX rate) = extra $75mil to Besra-Quantum deal. It is more than the MC of Bez. How crazy is it? Just a tiny increase of gold price overnight is more than the MC of BEZ itself.
That's the way the market works. Sometimes the value proposition...
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