sigh...
aud gold price has barely changed in past 2 months
gold stocks fell heavily while gold spot was still rising
now the biggest pure aud gold stocks are starting to rise back toward fair value - nst, sbm, rr etc
the stocks with offshore earnings or less int he spotlight - sar, rsg etc offer much better value (rsg currently on fy17 ev/ebitda of 3.6 vs sbm on 5.6) but only just starting to bottom
imo the revaluation has nothing to do with takeover talk - and everything to do with preparing for a second major elliott wave in gold stocks.
spot price is driven down to help buyers accumulate cheap positions
Takeover target?, page-14
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.3¢ | $1.551M | 4.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124478 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 272870 | 12 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
