What time does Australian stock market open GMT?
The Australian Securities Exchange (ASX) opens at 12am and closes at 6am (UK time), Monday to Friday. IG's trading hours are much longer – with us, you can trade the Australia 200 between 11pm on Sunday and 10pm on Friday (UK time).
Oh.. maybe he may come back in now. great addition to the board.
Why the sad face :( Buddy. Your still in yes?
Great news everyone. $50 mill will ease all uncertainty about further funding and deffinatly secures solid sp trend and growth. Hello new institutional investors. ATB Red.
Thanks for that, I’m in PHE and will be investing heavily into H very soon. I do like the look of this stock and it’s charts are very appealing. Hope to be on this board soon. Many thanks Red.
Hi, is or will ETQ be undertaking some form of Hydrogen production, cheers Red
Lol true!
Bobby mc********. What a knob!
BOB = ****!
Gold prices have fallen to four-month lows after vaccine hopes and the prospects of a smooth Biden transition lifted risk appetite.
Gold mining stocks have followed, despite record levels of profitability in the sector.
Gold price over the past year (USD).
Profits reached a record high $US4.8 billion in the September quarter, a substantial increase of $2.7 billion compared to last quarter, and an even bigger increase of $3.3 billion on this time last year.
The reason? A rising gold price combined with tight cost controls, low oil prices, and currency weakness against the US dollar.
With the December quarter spot gold price to date averaging $US1,891 and costs not expected to increase significantly, these high margins are expected to remain at similar levels in the current quarter.
Shareholder dividends remain relatively low but they should increase, says Metals Focus.
“Cash generation for our peer group has been improving since 2015, due to a rising gold price and better cost control,” it says.
“The cash has largely been used to reduce net debt which ballooned during the first half of the last decade.
“Dividends are now receiving some attention, but the sector remains a relatively low dividend payer.
“As the disruption from the COVID-19 pandemic eases and cashflow remains high, we expect further dividend increases.”
Is the sector undervalued right now? Metals Focus says yes.
“Since the end of the quarter, the NYSE Arca Gold BUGS Index (HUI) has fallen over 10 per cent,” it says.
“In the graph below, we show probably the most widely used valuation measure, enterprise value (EV)/earnings before tax (EBITDA), together with the trailing price to earnings ratio for our peer group.
“These ratios in Q3.20 suggest that the sector is currently undervalued with the EV/EBITDA ratio only lower in two subsequent quarters since 2009.”
The graph.
Investors are likely discounting either a lower gold price and/or higher costs into current share price valuations, believing current cash generation is unsustainable, Metals Focus says.
However, whether this proves correct or not, merger and acquisition activity might provide an incentive for revaluation.
Barrick Gold and Newmont, for instance, have leapt to a different level of profitability following their respective mergers with Randgold and Goldcorp.
“With additional cashflow now being generated by companies in the sector and apparent low valuations, this may encourage increased M&A activity to achieve similar profitability,” it says.
Bobs not here at the mo ,he’s nipped out to get some next vouchers before the rush.
Oh Dear. Oh very Dear. Lol
Apart from Goliath was it not stated that scalley could be 4 x Hav resource! Please correct me if I’m wrong and with regards to black hills they were finding very good sized nuggets on surface. After further analysis black hills proved to be a good open pot.All in all positive , Goodluck all. ATB Red
we wont be here next xmas. ; )
"The one that just st keeps giving" Hav (GH)
One of the best decisions you’ll ever make! Hav will just keep giving and if it gets brought out you have so much more with kraken , London, black hills,Goliath. The confidence comes from the business acumen and geological expertise of GH & CB Ability. Yes, this stock is a very safe place for return . ATB Red
Oh dear.
Yeah.... lucky ain’t we! :))))))
Thanks, maybe they were also on the board of eight capital partners and lemon rescourses as well.....they were a bunch of f() Kng thei. Bstar.
I meant AMC. I see you are in this.