'my best win ever.'
I'm pleased for you albatross.
Maybe your winnings will be higher again on Monday?
Last week could be the week of reckoning in the Aussie mid tier gold sector.
Two of the stocks featured on slide 20 [ EV/Production] of the Ramelius mid week preso in Hong Kong are now under close, negative scrutiny . One is suspended and the other took a 30% tumble on Friday 22nd . They have a combined market cap of $2.2bn .
And how many shareholders in these 2 stocks will be making the decision...next week... to switch into a gold stock that is enjoying favourable attention?
I'm describing the simple gold switch - driven by comparison of fundamental metrics- of which I spoke some weeks ago . Only this time the newbies into RMS stock are now paying current prices...they are not averaging up . So, they will be competing against those who are averaging up. So, with US treasuries going into yield inversion on Friday, equities weakening ( recession coming?) , gold ETFs attracting fresh investment as gold prices firm a perfect rotational storm is developing in aussie gold stocks.
In my view Ramelius will be a significant beneficiary.
Where's The Pullback, page-126
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Last
$1.98 |
Change
0.030(1.54%) |
Mkt cap ! $2.514B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.96 | $6.338M | 3.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55455 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 32563 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |
