Looking at the gold price, there doesn't seem to be an end in sight for this downward trend. But there is hope... Looking at the chart for RSG about a year ago when it approached 40 cents. There was a massive up swing and it bounced back. Besides, how long can RSG operate for with gold price under it's cost price. I'm sure that they just hold the gold and don't sell it below what they mine it for. It's bad business. Does anyone know how much debt RSG actually has ? I know that SBM is in worse state especially with the debt that they are holding.
When gold bounces the upswing for RSG will head back to 65-70 cents in days...
DYOR
Looking at the gold price, there doesn't seem to be an end in...
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Last
62.8¢ |
Change
0.028(4.58%) |
Mkt cap ! $1.341B | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 63.5¢ | 61.0¢ | $5.339M | 8.592M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 467925 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 688918 | 33 |
View Market Depth
| Last trade - 14.47pm 08/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |