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
64.5¢ |
Change
-0.010(1.53%) |
Mkt cap ! $1.373B | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 65.5¢ | 63.5¢ | $3.552M | 5.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 141270 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.5¢ | 58610 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |