Gold up $17.40 at last count- positive for our market Monday. Gold companies on my watch list are up varying degrees. When researched the 3 standouts are MLX, NST, EVN. Miners SBM and RRL are my secondary choice. I don't know the reason SBM has shot up as much as it has.
Too much long term debt is a companies undoing. Look at NCM -crippled from debt and just starting to making a comeback. Yet if the gold price takes off in $30 -$50 leaps, you would nearly put the farm on it.
NST, MLX and EVN have bought great Gold mines off bigger companies that were forced to sell and I hope EVN can handle the debt its taken on.
MLX will certainly have a lot more cash rolling in by the end of the year so the SP could be up a lot more than it is. No debt, plenty of cash and more exploration taken/taking place.
I noticed that NST share price moved up, following their USA presentation. More people seeing what a great company it is.
I am appreciating the action in the Gold producers.
Monday looking good
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Last
44.5¢ |
Change
0.025(5.95%) |
Mkt cap ! $403.2M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 44.5¢ | 41.5¢ | $893.6K | 2.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15502 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 268076 | 10 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |