Maybe they see the AUD falling rather than USD Gold rising.
Whilst high AUD gold is ok for domestic costs, a lot of mining inputs are USD based … fuel, machinery so the exchange rate will have some effect on profitability.
That’s why their interested in signing in AUD imo.
RMS Chart, page-2092
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Last
$2.09 |
Change
0.000(0.00%) |
Mkt cap ! $2.393B | |||
| Open | High | Low | Value | Volume |
| $2.04 | $2.09 | $2.04 | $5.465M | 2.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.09 | 90183 | 6 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |