What's the score? Gold falls back to 1285.00 resistance and everyone loses their minds. Trend still intact- and for gold to break trend there will need to be some sustained good news. Not just "the U.S is looking strong, because in comparison the pound is getting pounded."
O.k gold trend is important for a company involved in mining gold, but lets examine a few little facts.
RMS are priced at having a low to non existent future mine life and current production is hedged.
RMS- 100,000koz @$1600 and 30koz @ $1830
What a joke, the difference to the bottom line as a result of last nights fall is just about nill, yet we get a disproportionate hammering. I don't get it..
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Last
$1.90 |
Change
0.030(1.60%) |
Mkt cap ! $2.171B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.92 | $1.89 | $6.303M | 3.314M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 82778 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 114974 | 13 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |