incredible that 2 buyers paid 19.80 today even though only small parcels of 10,00!
closed at 17.50 equiv in oz which is lead market and millions traded unlike mickey mouse market for this stock on LSE . |
Mining companies operating in Mali may now have to contend with ownership of just 65% of their projects after a law was signed giving the state and domestic investors the right to take up stakes of up to 35%.
Resolute has an 80% interest and the Government of Mali holds the remaining 20%. The Tabakoroni complex is owned by Société des Mines de Finkolo S.A. (SOMIFI), part of the Resolute Group. |
Why do you say it "will never be a popular gold stock"? |
maybe and I can not now remember what my thinking was over a month ago . I did buy a few yesterday on UK market anticipating an upward move in OZ and disappointed it was only up a cent :) . Will still make a tiny profit if I sell today and gold price movement this afternoon will determine what I do ! Big volume stock in UK and all of 7 shares traded today - LOL ! RSG in OZ is in a very short term uptrend but it will never be a popular gold stock ! |
You were definitely over optimistic, arja! |
bought modestly today for overnight trade and hoping it hits 47 or 48 in OZ - probably over optimistic ! :) |
Yep buying loads of mux nyse if you believe to 2300 gold short term and 3000 by Christmas early spring. Outperforms other U.K. listed gold and silver stocks on way up underperforms when spot price down. US dollar also in down trend for next 6 months. Note general comments watch for short term spikes up/ down on US bank rate decision period. Resolute is the most leveraged stock listed in u.k but mainly Auz driven. |
Apparently not then - Is there anyone here at all? |
Sorry to backtrack guys, but can anyone post a copy of the report below?
The title was mentioned on here as post #362/19feb2023.
It's stuck behind a paywall and I can't find a work around.
many tks, pete |
Well done to all here. |
hard to figure markets at times as RSG hit 27.6 earlier when gold price was much lower and now at 26 and no reaction to gold price taking off and then off a little on profit taking ! :) |
guess so and it was quite a decent one for a small market player :) . surprised me that some sold at 26 and 26.20 with auto trades after that as surely RSG in OZ will be up on friday although markets sometimes fool us ! Trying to re-enter at 25.6 but unlikely to be hit unless gold price suddenly tumbles :) |
A profit is a profit. |
punters in RSG here must think the price in OZ will rise to 51 tomorrow and it looks like it will . I was about to raise my sell price on L2 ticket but was hit at 27.40 :) . might regret it tomorrow if gold price holds the current level by time aussie market opens ! |
Just looked at the chart and CORA looks to be heading for the 2.5 level it reached in 2019 . many aussie punters like the gold specs in hope of being in the 1 in a 100 which takes off and makes them heaps of money , but many eventually go under and the crooked directors then float another mining spec after a respectable period :) . No idea about Cora and whether it is in that category but I hate these MM stocks and RSg is also dominated by MMs and wide spread here in UK but highly liquid and big volume in OZ being lead market , eg , today and RSG closed in OZ at 25.90 and should be trading here ay close 26 with gold price moving higher since aussie close . Can still make money on it here but hard yakka if a trader :) |
OT anyone have any views of CORA? Got a gold mine ready to go, just awaiting funding, unloved and way off the radar. Yet, it gets cheaper by the day. Sp almost at all time lows. RSG also have there mine in Mali and seem to be doing well out of it. |
Nice, thanks someuwin |
Adjusted the scale on the long term chart above to show how far this had fallen. |
Yes, very nice. Seriously kicking myself for not buying in around 15p a few weeks ago. |
And the rerate continues. |
with gold price spiking after OZ close , hoping RSG will react on aussie market on wednesday but it csn disappoint. Anyway , bought a modest parcel at 23.40 here today and looking for a profit tomorrow :) |
pleasure , first time the bid has been above aussie closing price but RSG did break out to 42 today and seems it has more upside after years struggling :) |
Many thanks |
ALGO trading even with RSG as I placed a parcel sell order on L2 and split second later the quote is just under my price . I then raise my asking price and same thing happens :) . hard to trade against a computer programme I GUESS but I still manage to make heaps at times ! |
because RSG in OZ is lead market and I would much prefer to trade it there BUT do not fancy staying up until midnight :) . really hard to enter and exit here as RSP quote is bad and only slightly better than the level shown on L2 - frustrating :) Closed at 20.64 equiv in OZ and best sell here is 19.70 at the moment with RSP quote ,. |
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