I think a good chunk of the very latest UP move is NOT the Au$, it's edging /drfting down:
http://www.kitco.com/gold_currency/index.html?currency=aud&timePeriod=30d&flag=gold&otherChart=no
What solidified my SBM investment decision was their hedging moves. This captures two key variables and locks them down:
1) The price, AUD/USD, along with a very savvy ratio of hedged production v gross production, where up moves will be well profited from, ie. not some insane 50% hedge, and;
2) Security from nasty, soul-sucking debt covenants possibly killing sp, if not much more:
http://hotcopper.com.au/threads/ann...on-to-december-2016.2730298/?post_id=17312163
Gold's seasonality is still months away, late July/early August... Oh, what a wonderful time...
OV
I think a good chunk of the very latest UP move is NOT the Au$,...
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $678.5K | 1.991M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 131915 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 327657 | 15 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
