re: trading halt- from annual report when I spoke to the company Secretary about 2 months ago I specifically asked about surprises. I mentioned the hedgebook and, in retrospect, he deflected to another question. These guys are a corporate governance risk.
And they still haven't settled with the government of Mali about mining at Syama. Seems that is not a done deal.
The used the U spin to mask the internals for a while. All the while some of the larger holders were quietly selling. These guys are going to miss the generational gold bull market with maneuvers such as the hedgebook and paying too much for Ravenswood, a mine that is not really profitable, even at A700 gold.
Someone mentioned "hiccups". Ain't that the truth. These guys could go out of business if all doesn't fall into place nicely.
trading halt, page-13
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Last
60.0¢ |
Change
0.015(2.56%) |
Mkt cap ! $1.277B | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 60.5¢ | 57.5¢ | $6.378M | 10.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80708 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 325865 | 11 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |