X64 0.00% 57.0¢ ten sixty four limited

"Is there something buried in last night's investor presentation...

  1. 3,351 Posts.
    lightbulb Created with Sketch. 134
    "Is there something buried in last night's investor presentation that the market didn't know about it?"

    No... not by my reckoning, just the opposite actually.

    Two of the best performing gold stocks in the past 1-2 yrs have been SLR and MML. SLR was down up to 16% yesterday and closed 6% lower. MML has taken its pasting today.

    My guess is its nervousness about potential gold price weakness leading into US elections and the Federal Reserve QE announcement tomorrow night.

    Maybe a major shareholder, someone like Sprott Asset Management (shareholder of both companies) has locked in some rather substantial profits.


    Rowingboat



 
watchlist Created with Sketch. Add X64 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.