Paul Further to youre excellent post.
I do not believe enough credence is being given to the currency movements in relation to PGI. Unlike many goldies all our gold sales are hedged for the medium term(us$1320).Therefore forecast revenues are unaffected by the fall in the gold price.
However, the drop in the aust dollar is having a major positive impact on projected earnings.
cash surplus summary
low $49m peak us1.058=$au46.3m current us$.925=$au51.6m
diff plus $au5.3m.
high$72m peak us$1.058=$au68.0m current us$.925=$au77.8m
diff plus $au9.8m
This represents approx 14% increase in projected earnings.
Yet the share price over this period (.105c to .082c) represents 22% decrease'
A $9.8m increase due to currency change at a P/E of say
10times (730m shares) represents a share price of 13cents based on this movement alone. Go figure.
conclusion.I believe the share movement is based on sentiment/manipulation and certainly not fundamentals
Paul Further to youre excellent post.I do not believe enough...
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $5.114M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $19.12K | 6.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 52096822 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 20905065 | 23 |
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| Last trade - 15.53pm 19/07/2024 (20 minute delay) ? |
| AAU (ASX) Chart |