Morning folks
Been adding quietly in the background - doing my bit to mop up that 40M that got dumped a while back. Blackrock and Van Eck accumulating is a pretty good sign. I had sold 25% of my holdings. Now bought that back and another 10% on top.
I've also been doing some background reading - underlying theme seems to be very positive for Gold
- US Interest rates to drop, making Govt Bonds less attractive - and Gold more so
- World banks accumulating Gold - China a big buyer of Gold recently
- Quite a large gap in value between Gold and Gold Miners (i.e. Gold Miners undervalued)
Added to that the news from Freemans Find, which had nil impact on the EMR price - the early 2024 NLG resource update still pending and the snippet below, which we should hear more about soon - more than comfortable increasing my position. GLAJan 30th 2024 – Quarterly Report
https://www.emeraldresources.com.au/sites/default/files/asx-announcements/61191278.pdf
Watcher, page-31
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Last
$3.50 |
Change
0.010(0.29%) |
Mkt cap ! $2.293B | |||
| Open | High | Low | Value | Volume |
| $3.52 | $3.58 | $3.48 | $5.374M | 1.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 36426 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.51 | 17630 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$3.52 |
Change
0.010 ( 0.70 %) |
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| Open | High | Low | Volume | ||
| $3.52 | $3.58 | $3.48 | 316119 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| EMR (ASX) Chart |
