Post by
challenger426 on Aug 01, 2018 9:51pm
Play with the numbers
Here is a company with approximately 371M shares out.
Their production range guidance for 2018 is 120 - 130,000 oz
The AISC guidance is between $740 - $790/oz
Let's take the worst case scenario and a 2018 average gold price of $1275. Just some quick rough numbers using a 10x multiple because there could be other variables involved.
120,000oz x ($1275/oz - $790/oz) / 371,000,000 shares = .1568733 x multiple of 10 = $1.57 /share
Roxgold must be undervalued at current levels !!
Comment by
ds760 on Aug 02, 2018 12:07am
We should be way up in the am. Great ready for a big spike up. Way over sold and perfect buy at $1 like in the past. This is a perfect stock to trade in it's range by smart money.
Comment by
silentreader on Aug 02, 2018 10:21am
Indeed, a very impressive spike back up....
Comment by
ds760 on Aug 02, 2018 11:12am
Just wait for that last seller that's clearly blowing out his position to be done. Everytime the stock has gotten to this level it's reboundedin short order. This time is no different.
Comment by
U30LATE on Aug 02, 2018 2:05pm
Any idea who the seller is?
Comment by
ds760 on Aug 02, 2018 2:29pm
It's under Anonymous so impossible to tell but they have sold just under a million shares so far last 2 days. Someones selling their position. It's not a lot of shares in the big scheme of things but its holding the stock here until they are done then we should see the pop up. Way to low down here.
Comment by
challenger426 on Aug 02, 2018 2:41pm
Probably an institution that cannot have stocks in their portfolio under $1, forced to sell.