An interesting chart to consider in "Torque"
Of the West African Miners, we have in order 12-month performance
1. RSG
2. WAF
3. PRU
Question might be, why?
1. RSG has had a turn around and unhedged to the gold price.
2. WAF grew production and unhedged.
3. PRU have sustained a large cash balance, which means you have a part of the market cap essentially doing nothing. Additionally, it's hedged.
PRU has operated well but has flat to slight declining production over medium term. Cash has been a negative for equity performance.
This will be an interesting chart to reconsider in 3 years time, after Nyanzaga has been developed.
This doesn't consider longer-term issues like being exposed to one country (like RSG & WAF) - which issues can usually only be seen over longer periods.
An interesting chart to consider in "Torque"Of the West African...
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Last
$2.53 |
Change
0.060(2.43%) |
Mkt cap ! $3.481B | |||
| Open | High | Low | Value | Volume |
| $2.52 | $2.54 | $2.50 | $19.29M | 7.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12593 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 47166 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PRU (ASX) Chart |