Ok, so I was looking at buying a gold producer (not just an explorer or a company building/reconditioning a mine) in an assumption that gold price will move towards 2K US per oz this year.
If patters of previous crisis repeats, once the markets decide the world is not ending, and caves are not necessarily the best form of investment, gold is the next sure bet.
I am not going to go on about why I think gold will go up but I shall add to the generally touted point about money printing the fact that geopolitical situation, and specifically deteriorating China to US relationship is just another positive for gold.
My thoughts are that in order to achieve the highest leverage to raising gold price, it has to be a fairly high cost producer (low cost already priced too high), recapitalised, with reasonable hedges and experiencing negative investor sentiment.
I think despite some stupid decisions in the past (and I held RSG on an off for a while), it seems to be one of the best gold stocks on ASX to meet the above. I found only one more stock which meets this criteria.
In addition. RSG is fairly highly shorted so covering will occur if Gold moves in the right direction,
If anyone knows a similarly suitable stock I would be interested to hear what it is.
- Forums
- ASX - By Stock
- RSG
- Why RSG?
Why RSG?
-
-
- There are more pages in this discussion • 74 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RSG (ASX) to my watchlist
|
|||||
Last
68.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.447B |
Open | High | Low | Value | Volume |
69.0¢ | 70.5¢ | 67.5¢ | $6.959M | 10.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 144347 | 67.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
68.5¢ | 272990 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1630 | 0.705 |
1 | 477 | 0.695 |
2 | 47100 | 0.680 |
3 | 64581 | 0.675 |
5 | 105475 | 0.670 |
Price($) | Vol. | No. |
---|---|---|
0.650 | 1708 | 1 |
0.655 | 10427 | 3 |
0.670 | 5000 | 1 |
0.675 | 45000 | 2 |
0.680 | 113855 | 5 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
RSG (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online