Some decent cost numbers for October with AISC at A$1420 ($150 below September quarter) for 7400 ounces. That's enough for me to jump back in at 38.5.
I'm not keen on a buy back at this stage. If they hit their targets and cash is back up to ~$100M toward the end of June, and the shares are at similar prices, then a buyback would probably be a good move.
The indifference is across all gold junior producers. SLR, RMS and RSG all flat lining. It is clear that the GDXJ rebalancing in June (with positioning in April-May) was a key event for RMS and SLR in particular. The trading volumes are way down and plumbing 2 year lows.
It's all about Edna, page-4
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Last
$1.91 |
Change
0.085(4.67%) |
Mkt cap ! $2.180B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.91 | $1.87 | $4.797M | 2.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 311 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 77570 | 9 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |