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Online Share Trading

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Forecast

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KVW
Super Contributor
I just read their last Results and their forecasts are a Gold Price of $650 and exchange rate of 8 R/$. Both of these values are a lot lower than what we are currently seeing, so hence they should be doing well and the next results should look good, so why is it lagging on Harmony???????? I see them bouncing back to the R90 level by the end of the week.....any thoughts?
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3 REPLIES 3
Shard
Super Contributor
They're out of favour due to the poor management that resulted in the 25% decrease in Profits in June. They've made some structural changes, the CEO "resigned" adn the new one is big on cutting out there non-core operations. I suppose given the current market investors are just a bit tentative about an out of favour stock.
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Surf_Rat
Super Contributor
I see that on standard bank platform you can short GFI but not harmony seems this could have an influence not sure if it applies to other trade platforms
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Not applicable
my portfolio is really looking bad and with this share i really do not know. should i hold on for a while. advice please.
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