Yeah, I agree that mining stocks follow a cycle similar to that diagram. They are definitely not a set and forget type investment. I also feel that specific miners such as gold miners are very sentiment based and the broader investment markets will only look to invest when things are running hot and then withdraw at the first signs of weakness.
WAF is now trading at the previous low that was reached when the gold price last fell significantly. It's hard not to see great value here IMHO.
Yeah, I agree that mining stocks follow a cycle similar to that...
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 (20min delay)
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Last
$1.49 |
Change
0.013(0.84%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.49 | $1.791M | 1.196M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6635 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 50038 | 35 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
