Hi Busting
Yes, I agree with this point. Supply and demand, it's the old story.
To elaborate on this theme, if you look at the POG over the year to today, it has risen 2.6%. (obviously it was up much more at one point). Over the same period, Gold shares as measured by GDX ETF have fallen 24%. I don't have the figure for juniors, but I suspect it would be higher.
I was just reading an article about the number of analysts around the globe who will be aware of this and looking for an opportunity to take advantage of it when the time comes. Makes sense to me.
If MYG continues with the results, then sooner or later it's going to get noticed.
Enrich, I take your point from your reply the other day. There is no denying JG has delivered and I imply no criticism of him - quite the reverse.
I merely wanted to point out that he does talk up the company before results come out which has come to the attention of the broker community. However, as he has always delivered on the talk, who am I to pass judgement?
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73.0¢ |
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Mkt cap ! $66.77M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
1 | 2443 | 73.0¢ |
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2 | 7733 | 0.725 |
2 | 8523 | 0.720 |
1 | 3196 | 0.710 |
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Price($) | Vol. | No. |
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0.790 | 1300 | 2 |
0.810 | 10000 | 1 |
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