AgentSmith
I was thinking that it could drop to around mid-20s range if the POG heads to USD1050.
Demand for gold in India and China is supposed to be quite strong at present. India imported 131 tonnes in September (up from 50-60 tonnes in August) plus whatever got in unrecorded due to smuggling, I am a bit surprised the POG is not doing better. I expect the POG to drop of significantly from March 2015, if it does not happen before then.
RSG should focus on bullet proofing Syama by erecting the electricity line that would provide for a $100/ounce drop in the cost of production. Spending money on share buybacks when they have a fair amount of debt and capital commitments is dangerous in the current situation.
loki
Why RSG is going down today?, page-15
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Last
62.5¢ |
Change
-0.035(5.30%) |
Mkt cap ! $1.330B | |||
| Open | High | Low | Value | Volume |
| 64.5¢ | 64.5¢ | 62.0¢ | $7.872M | 12.45M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 191381 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 45000 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |