no matter what the underlying assets of the company, a gold stock has market risk. the most negatively correlated asset to the stock market is actually gold bullion.
given the horrendous end to June financial year, it doesn't surprise me that after the run up, there was selling.
buy the dips and hold and you will do well.
The gold in the ground is selling for way less than half the current spot price. Add the Equigold assets in Ivory Coast and this will just lower it further.
Don't be shaken out.
no matter what the underlying assets of the company, a gold...
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Last
$1.75 |
Change
0.000(0.00%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 607 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 372 | 2 |
View Market Depth
| Last trade - 16.14pm 20/06/2025 (20 minute delay) ? |
| LGL (ASX) Chart |
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