Heavy volume of selling pressure still outweighing the dip buyers who came in this morning. I think gold stocks potentially warning of a breakdown in US dollar gold price with the Fed meeting tonight. That is definitely what the heavy volume sellers are thinking anyway.
SBM don't need more juniors/developers, they need another production source. I expect they will be looking for at least 200koz per year as comments from the CEO previously indicated.
I wonder when some of these mid-cap local miners are going to venture into Africa. Americas is clearly a trend for Australian companies (per video below) but the quality of assets in Africa is far superior and I think justifies the sovereign risk.
Selling Pressure, page-14
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Last
35.5¢ |
Change
0.005(1.43%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 34.3¢ | $591.3K | 1.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 259123 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 821435 | 29 |
View Market Depth
| Last trade - 12.16pm 22/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
