Well what is to like is the lower Aussie dollar, its as simple as that.
Its been a game changer for those producers who have left their exposure to the currency open.
Aussie gold stocks have finally started to see some love & I suspect other Aussie miners that have that ccy exposure will do well also as they are making good margins.
I sold out the other day on the spike to $3.30 & have bought back in today double.
I think there are some games being played by the international banks who in the last week have put out negative calls on commodities. I think they are trying to shake out the retail to hoover it up as they know the likes of copper can't go much lower. production cuts are already setting in.
I picked up both IGO & OZL today in large chunks as I think they are both take over targets at the current valuations.
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Last
$7.05 |
Change
-0.090(1.26%) |
Mkt cap ! $5.338B |
Open | High | Low | Value | Volume |
$7.10 | $7.13 | $6.98 | $22.84M | 3.246M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 37937 | $7.03 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.06 | 57787 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14248 | 7.030 |
5 | 44316 | 7.020 |
3 | 21026 | 7.010 |
3 | 13148 | 7.000 |
1 | 143 | 6.990 |
Price($) | Vol. | No. |
---|---|---|
7.060 | 505 | 2 |
7.070 | 250 | 1 |
7.080 | 4502 | 3 |
7.090 | 249 | 1 |
7.100 | 22620 | 4 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$7.08 |
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Change
-0.090 ( 0.56 %) |
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Open | High | Low | Volume | ||
$7.11 | $7.13 | $6.98 | 1171082 | ||
Last updated 15.59pm 04/06/2024 ? |
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