"It's a buyer's paradise" when gold stocks underperform gold prices, said mining analyst Asa Bridle of Seymour Pierce Ltd.
The resource base of West African gold developers, for instance, is now valued at an average $30 a troy ounce, compared with $100 12 months ago, said Adam Kiley at RFC Ambrian...
"We have not seen a large amount of activity flow through to the explorers/developers as of yet, but as their valuations remain at such distressed levels we believe it will not be long before producers will look at raiding and cherry-picking the best from this sector," RFC Ambrian analysts said."
At http://www.gata.org/node/11709
"it's a buyer's paradise"
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39.0¢ |
Change
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Mkt cap ! $37.04M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5185 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 13226 | 2 |
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