The Brian Chu interview sounds very balanced. At about the 26 minute mark or slightly thereafter, he talks about the disconnect between rising Australian gold prices and falling Australian gold miners share prices. He says he cannot explain it, but wishes he had a bigger flow of capital to invest in the sector because the rewards are going to be huge when things rebalance. He cannot put a time line on it, but my suggestion is that as global economic conditions worsten, gold will gain traction. He also talks about the proposed Red5/SLR merger and thinks it will be good.
What stands out to me is his message is exactly the same as the Canadian Gold Mine owner l wrote about a few weeks ago. The gold sector will enjoy a significant re-rate simply because it is currently over sold by a large magnitude. lnvestors who have patience will reap large rewards.
- Forums
- ASX - By Stock
- RED 5 - PREDICTIONS
The Brian Chu interview sounds very balanced. At about the 26...
Featured News
Add RED (ASX) to my watchlist
|
|||||
Last
37.0¢ |
Change
0.010(2.78%) |
Mkt cap ! $2.516B |
Open | High | Low | Value | Volume |
36.0¢ | 38.0¢ | 35.8¢ | $10.35M | 27.93M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1089836 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 955628 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 757511 | 0.370 |
11 | 1094844 | 0.365 |
21 | 799060 | 0.360 |
22 | 620208 | 0.355 |
33 | 1657403 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 207010 | 2 |
0.380 | 765913 | 11 |
0.385 | 549109 | 6 |
0.390 | 337261 | 6 |
0.395 | 384644 | 6 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online