its not that the gold price directly affects NAE, but you can see there is more money inflows since the gold price recovered from the recent lows.
means more money flowing in and the micro range gold stocks are getting more inflows once mid caps are adequately valued. Initial inflows went into BGL and DEG then flow down to mid caps.
At some point once mgmt pull their finger out on the nz gold project and pilbara and KAI has sold off, can see the potential but cant see any recent news coming unless i'm missing something - drilling on either projects still 1.5-3 months away
its not that the gold price directly affects NAE, but you can...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.176M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $5.246K | 1.314M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 23523486 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 6411230 | 5 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
| NAE (ASX) Chart |