It’s all about CPI expectations. If it comes in less/more than expected POG will rise/fall. Not sure what POG will do if CPI is in line with expectations. I don’t really care what the CPI is for 1 month as the tend is clearly down and even if it’s above expectations I will be extremely surprised if it’s not significantly lower in 6 months in which case PIG will likely be significantly higher than today.
If POG dips lower due to a higher than expected CPI then SPR will likely fall due to a lower POG - in this situation it will be a better time to buy SPR before more assay results are released. Remember that the NN holes yet to be released had visible gold.
Spartan Resources, page-494
Add SPR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
73.5¢ |
Change
0.025(3.52%) |
Mkt cap ! $811.8M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.5¢ | 71.0¢ | $3.796M | 5.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 104745 | 5 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
73.0¢ |
Change
0.025 ( 1.97 %) |
||||
| Open | High | Low | Volume | ||
| 72.0¢ | 73.5¢ | 71.0¢ | 1015425 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| SPR (ASX) Chart |