I agree with you in principal, however the biggest reason I'm buying into rrl is for their abysmal operating issues due to weather conditions, subpar project execution and over promising from management.
Almost 300k are hedged at 1425/oz, current gold price is $1535/oz. both prices are extremely profitable if they manage to get their grades and production vol in order.
Imagine they get production at the higher end of 350k oz, we should be looking at an extra 4-5 cents worth of earning, if they can get to 400k oz that's 9-10 cents. We need consistent qtrs like December and small fluctuations in gold prices should be ok.
I agree with you in principal, however the biggest reason I'm...
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Last
$2.11 |
Change
0.010(0.48%) |
Mkt cap ! $1.593B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.16 | $2.11 | $8.957M | 4.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 128302 | $2.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 21651 | 3 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$2.12 |
Change
0.010 ( 1.53 %) |
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| Open | High | Low | Volume | ||
| $2.16 | $2.16 | $2.11 | 767342 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| RRL (ASX) Chart |