Gold production is at a record high, despite the fact that the price is down 40% since 2011, says David Stubbs, global market strategist at JP Morgan. Why is that? Well, gold producers are highly leveraged (in debt) and need to continue to mine the metal to pay their debts off, says Mr Stubbs. He says the cost of producing more gold is in the region of $900 to $1,000 per ounce. So he thinks the price of gold is going to fall to that level over the next couple of years.
What a load of rubbish. You people on these BB are still sprouting the same rubbish and the same hype as have been for the last 2 years.. " Insanity: doing the same thing over and over again and expecting different results."Albert Einstein. The facts speak for themselves Share price 16p now 0.035, Nearly 6 Billion shares in issue. Deal after deal costing us money as shareholders and us shareholders value going down. People keep saying if AB put £26000 in the company then it good enough for me. Well i disagree, if it is so good why not just buy the shares on the open market like everyone else? Why give yourself a discount. Let be honest his performance has been shocking. So basically you people are saying it is OK from him to reward himself for failure. I could go on and on. Yet all i have to say is, if you put YOUR money into RRR you are GAMBLING not investing or trading. Like any GAMBLING the odds are against you
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