There are not any current valuations of RSG, that I have seen, supporting the current price. Short term price movements are more a reflection of trading positions rather than value.
RSG is reducing costs, increasing production, has massive reserves, is unhedged and in an environment very supportive of further upside to the gold price. Just today, Standard and Poors downgraded its long term US debt outlook from stable to negative. What does that say for the prospect of a credit rating downgrade?
target $1.70 !!!, page-4
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 (20min delay)
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Last
40.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $856.9M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5454 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 42701 | 2 |
View Market Depth
| Last trade - 16.16pm 15/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |
Day chart unavailable