Seasonally gold producers see a strong September then pause before a strong December to February. This is caused in part by Diwali in India in October and Christmas in the West. Strong January and February would therefore suggest restocking coupled with traditionally weaker market months following December equity rallies. It will be interesting to see if January sees a strong sell off given the gains made in late 17.
EVN are my pick due to reduced leverage to WA, especially around discussions of royalties by the new Government, as well as potential for mine expansion and lifespan. Good balance sheet strength and ability to increase current production numbers through normal mine operations.
shortathon, page-3
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Last
$3.45 |
Change
0.010(0.29%) |
Mkt cap ! $6.841B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.46 | $3.42 | $2.623M | 761.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 120101 | $3.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.46 | 113343 | 60 |
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| Last trade - 11.14am 03/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |