"Most recent raisings have been for recapitalisation of existing gold miners such as Newmont and Newcrest, both of which attracted a flood of money. In the case of Newcrest, it asked for $500 million and took in $750 million, virtually overnight.
But, that was last week, before gold's mad dash through the $US1000 mark with the next few months likely to see a retreat.
BMO's Melek reckons the average price in the first half of this year will be about $US850 an ounce, a tip that implies a substantial fall. In the second half, the average is forecast to be $US925, with the same price tip applying to 2010.
Those prices are, obviously, one man's view of the gold market. But it is a well-informed view that should not be ignored. "
Extract Article by Tim Treadgold for Egoli 3 March 2009
PRU will be affected by changes in the Gold Price and options raising.
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$2.41 |
Change
0.080(3.43%) |
Mkt cap ! $3.315B |
Open | High | Low | Value | Volume |
$2.40 | $2.42 | $2.35 | $7.956M | 3.332M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 67667 | $2.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.41 | 68938 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8554 | 2.380 |
1 | 8554 | 2.370 |
3 | 9574 | 2.360 |
1 | 8554 | 2.350 |
2 | 8954 | 2.340 |
Price($) | Vol. | No. |
---|---|---|
2.430 | 1250 | 1 |
2.440 | 14560 | 3 |
2.450 | 9778 | 2 |
2.460 | 10750 | 1 |
2.470 | 11020 | 1 |
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