Well jewellry and industrial uses for gold have been here for years, even before the recent boom, and hence there was always a reason for profitable, gold companies out there. Still looking at the recent sell down in share price on endeavour we're down from near 80's to 60's yet again... i don't get it , as long as gold is at its current level vs the all in cost of ~$1,000 we're meant to still be reasonably plodding along, with more mines and resources coming online.
Yet this stock has underperformed and trailed alot of other gold producers. The sector is hurting/having a tough time yes, but am I the only one who looks at EVR's share chart and somehow find it alot worse than what other goldies with comparable or worse balance sheets/situations are in?
Just wondering on thoughts? Or do you think the recent sale to RSG was a negative and someone has sold out, hence the price drop?
Wondering whether to buy more as it's always bounced back.. but this stock just keeps staying down ...
EVR Price at posting:
60.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)