Gold pricing will have some affect on the ARL share price someday but for the moment the upcoming catalyst as far as that one mineral goes is Godolphin.
So- here’s a couple of stories showing that the price rise for gold is still gathering impetus:
https://www.mining.com/web/china-eases-restrictions-on-gold-imports/
General good market- https://www.mining.com/web/gold-inflows-hit-1000-tonnes-as-investors-seek-haven-in-etfs/
I’d also say we might watch out for central banks to start buying too ( we’ve seen the EU recently end a 20yr plan of selling ), their interest rates are not going to be giving them much joy at the moment.
GODOLPHIN (Pertinent news & discussion prior to the IPO), page-30
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Last
40.5¢ |
Change
-0.005(1.22%) |
Mkt cap ! $80.87M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 40.0¢ | $6.033K | 15.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 108618 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 29982 | 1 |
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| Last trade - 14.13pm 30/09/2024 (20 minute delay) ? |
| ARL (ASX) Chart |