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.
reason I bought and hold this stock is because it is one of...
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Last
$1.87 |
Change
-0.040(2.10%) |
Mkt cap ! $2.128B | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.90 | $1.85 | $4.531M | 2.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6764 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 10609 | 2 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |