The value of Morgan Hart should not be underestimated.
A big loss.
RRL have been able to build their process plants at 70% of the capital cost that everybody else does by being so hands-on and in-house with their knowledge, and implementing project development with 100% effectiveness.
I have no doubt some of the selling is because if his departure rather than the water ingress. So a clear double whammy for RRL.
However I think that it is also a short term effect as well, as the foundation for RRL is now well established.
I entered RRL today for the second time after already scalping a good trade earlier in the week.
Gosouth
putting it into context, page-37
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Last
$1.67 |
Change
-0.005(0.30%) |
Mkt cap ! $1.261B | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.69 | $1.63 | $5.625M | 3.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46682 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 17359 | 3 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |