I think at this gold price many gold stocks are already heavily undervalued. The leverage of SP to POG for high cost producers can be as high as a factor of 10. RSG should be at least 4 with current hedges so should have risen a bit more on the recent POG run. AUD rising doesn't help the AUD denominated SP. I expect close to $2 is likely soon. Technicals on POG no longer apply, it is a herd of some proportions that includes ETFs and Central banks around the world.
Why RSG?, page-75
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Last
54.0¢ |
Change
-0.045(7.69%) |
Mkt cap ! $1.149B | |||
| Open | High | Low | Value | Volume |
| 55.5¢ | 56.0¢ | 53.5¢ | $7.594M | 13.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 149504 | 53.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 347465 | 5 |
View Market Depth
| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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Last
54.0¢ |
Change
-0.045 ( 7.31 %) |
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| Open | High | Low | Volume | ||
| 56.5¢ | 56.5¢ | 53.5¢ | 4253568 | ||
| Last updated 15.59pm 11/06/2024 ? | |||||
| RSG (ASX) Chart |