groveller,
Surely you jest sir. Can you explain how a company buying back its own stock due to the belief that the price is too low is preventing a rise in SP? An increase in demand rarely results in a drop in price, usually the opposite.
Unfortunately, I believe it is a result of a combination of a bit of manipulation, pessimism on the future (Tanzania) and some fairly unfounded concerns about the situation in Mali. Nothing can be done about the first, Mali and Ravenswood will replace Golden Pride if the operation cannot be sustained and the problem in Mali is not a big issue – the country is smarter than that. Therefore, the shares are at bargain levels (the fact that I bought back in testifies to this)
My opinions only
News: Resolute approves Syama gold expansion , page-5
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Last
79.5¢ |
Change
-0.025(3.05%) |
Mkt cap ! $1.692B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.5¢ | 78.8¢ | $13.51M | 16.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99731 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 14152 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |