from the same article:
Indeed, it doesn't seem too good for the gold bull. Gold last saw these levels in July 2011, after which it began its very fast and very steep incline to breach the $1,920/oz mark in September 2011.
If you care to cast your eye over the POG chart for the last 5 years:
never a straight line - lot's of pull backs, some in the same order of what we are seeing now
Can find no confirmation of Cyprus wanting to sell "excess gold"
Agree however that FML can not afford to process ore if the result is more costly to produce than to sell - but that is the same for a stack of other "producers"
There will be a very fast assessment across all miners which projects can be maintained and run at profit
Ultimate result: short supply due to cost constraints
mmmmmmm wonder who is going to profit from all of this ?
sp going up..., page-7
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
View Market Depth
| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |