reason I bought and hold this stock is because it is one of those high risk or high return stock
They cost too much to produce gold to survive but I believe gold price is at its bottom and many people only follow gold price in USD. in AUD they broke 1400 dollars.
http://www.24hgold.com/english/gold_silver_prices_charts.aspx?money=AUSD
In fear of company getting broke, the share price is really low and for a fair reason. But if gold price raise back. You can expect share price change will be a lot more dramatic then company already making 300 dollars per ounce making 500 dollars per ounce and company which was loosing money start making 200 dollars per ounce.
I recommend holding no more then 10% of your portfolio for this kind of high risk stock. At the record low 4.6 c it might be a gamble worth taking.
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Last
$2.17 |
Change
0.110(5.34%) |
Mkt cap ! $2.489B |
Open | High | Low | Value | Volume |
$2.09 | $2.17 | $2.08 | $13.62M | 6.351M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2410 | $2.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.17 | 259975 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2410 | 2.160 |
2 | 12332 | 2.150 |
11 | 102913 | 2.140 |
3 | 58656 | 2.130 |
5 | 75856 | 2.120 |
Price($) | Vol. | No. |
---|---|---|
2.170 | 259975 | 3 |
2.180 | 182630 | 8 |
2.190 | 123794 | 3 |
2.200 | 450347 | 14 |
2.210 | 17632 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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RMS (ASX) Chart |