Anglogold (NYSE: AU) is recently trading at $40.90 in pre-open trading, below its close of $45.17 Thursday.
AU said it has halted mining and gold recovery operations on all of its South African operations following notification from state-owned electricity company Eskom regarding interruptions to power supplies.
Gold is recently up 1.82% to $922.30 according to Bloomberg.
AU overall option implied volatility of 50 is above its 26-week average of 39 according to Track Data, suggesting larger movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
2-05-2008 @ 7:15PM
SUSANMS said...
I THINK AU SHOULD USE ITS ONE TIME OPTION TO BUY BACK CAPITAL GOLD - CGLD!!!!!!!!!!!!!
SUSAN IN MISSISSIPPI