I'm a bit surprised as well. I would have thought yesterday's high volume rise and the gold price rising overnight would have caused more short covering today.
RSG has been trading counterintuitively for a while now. It's share price bucked the trend and rose while the USD gold price fell from US$1,350 until August when the share price got subjected to vicious selling for no obvious reason.
As I said the battle between the shorts and longs will have to be fought until the UG mine at Syama reaches steady state production and proves itself.
Let the slave funds buy NST with its Dec AISC of A$1,365/oz.
Even RSG with its high operating costs due to the ramp up at its main asset came in under NST at A$1,360/oz for Dec and I thought RSG was regarded as the "high cost producer". Esh
Ann: Quarterly Activities Report, page-57
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $1.543B | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 40.3¢ | 37.5¢ | $8.001M | 20.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 268377 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 234396 | 6 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| RSG (ASX) Chart |
