In the main, support you Timmi! Whilst I agree management haven't been too dynamic, their main issue is trying to make a silk purse from the sow's (Edikan's) ear, and in a country that isn't that friendly to mining as it once was. You can't make money from a sub 1g/t gold deposit in Africa these days. AISC for the past fin year of A$1800/oz and even their optimistic forecasts (ASIC: $1650/oz) for this year are now well under water. Only thing that kept these guys afloat has been that hedge book - all but gone!
I'll admit, was once a supporter but got out nearly 4 years ago when I could see much better value elsewhere.
You can't compare PRU to the likes of SBM, RSG and OGC which currently produce and have future AISC guidance under A$1050/oz ($500/oz margins). These guys should have been marked down a LOT more, or the others are oversold. Personally, prefer the latter, but that's the market space we're in right now; people scared and making sentimental decisions.
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$2.84 |
Change
-0.010(0.35%) |
Mkt cap ! $3.908B |
Open | High | Low | Value | Volume |
$2.87 | $2.89 | $2.81 | $12.62M | 4.431M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 11148 | $2.83 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.84 | 12887 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 5050 | 2.830 |
1 | 10000 | 2.820 |
1 | 9000 | 2.810 |
2 | 5200 | 2.800 |
3 | 5679 | 2.790 |
Price($) | Vol. | No. |
---|---|---|
2.860 | 5490 | 2 |
2.870 | 8990 | 2 |
2.880 | 5490 | 1 |
2.890 | 9238 | 3 |
2.900 | 6374 | 3 |
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