Comments on the last Q1) xau bought around 5.5 kg on gold
2) they bought new property (ies) for $ 7 milions. Not a single word on .We are told the new revenue from renting should be $ 11.8 ( from 11.2 ) on full year.
3) despite the substantial increase in the gold price , the stock detained in the vaults erodes every Q.
4) the mene value is probably going lower but without real impact on xau now. As mene is a huge setback for RS , what will he do ?
5) 6 weeks before the launch of a new ncib ( more favorable ?)