The low liquidity exacerbates moves in both directions.
As far as I am concerned this re-rating is deserved. A run through my spreadsheet (at 520k oz production) would indicate it has a lot more to run (lots of assumptions I know).
Management strategy is being rewarded despite execution risk.
Charlie Aitkien out with an AUD forecast of 68c (down from 75c) whilst Macro Business has a 65c target, medium term and lower long term based on a commodities bust (gold is not a commodity!) which, if eventuates, should provide some protection against adverse POG moves.
Cheers
John
The low liquidity exacerbates moves in both directions. As far...
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Last
57.5¢ |
Change
-0.020(3.36%) |
Mkt cap ! $514.1M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 57.5¢ | $592.4K | 1.014M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 281998 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 77964 | 13 |
View Market Depth
| Last trade - 13.26pm 31/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |