I just bought more at A$1.675. I see anything under A$2.60 as value. Anything under A$2.00 a gift.
I just see international investors reacting to the prospect of a stronger US$. The OzPOG is great. The A$ effectively insulates Oz Goldies from the rising US$.
Rising mining costs has to feed into a higher POG, as it has for all metals over the past year. High cost miners will have to close otherwise and Oz Goldies have been insulated to some extent there too.
The Company is in a strong financial state, it doesn't need to be taken over.
The hot money flows of international investors following the lead of the GDX is impacting all Oz Goldies, just as it did back in Jul21.
NFP announced tonight but the preceding ADP NFP are already out and are so so.
I think the Bullion Banks will no longer have their foot on the throat of Gold investors.
RRL Price at posting:
$1.69 Sentiment: Buy Disclosure: Held
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