One day you might learn stock prices are mostly not driven by fundamentals..
Take old mate OBM - its without doubt the best trading gold stock on the ASX, nothing touches it for range or daily gains. - thats in both directions. Up 10% one day, then down 10% the next. Now lets take a look at their guidance.
H2 Guidance of 31-35koz at AISC $2,100-$2,300/oz
Good lord! Even worse than ol' Calidus. Yep worth double the Mcap...fer sure, pardner.They have such a stellar execution history too (guffaw, chortle)
Historical production ~1.4Moz Au since 18971
Wow. Looks like theyve been around for a while, 16 centuries of mining experince? lolol Funny how old CNB is the same valuation, and its not derisked and wont be making any money for years, but. the punters do love the copper and gold theamatic though.
Downramp a little harder please, Id really like to double my holding in the teens, so if you would oblige?
Btw, nice upramping on CMM, its so good I had to get a sick bag..
CAI Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held