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.
In the main, support you Timmi! Whilst I agree management...
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Last
$2.35 |
Change
0.030(1.29%) |
Mkt cap ! $3.228B | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.37 | $2.29 | $6.953M | 2.966M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 211468 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 61323 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PRU (ASX) Chart |