Hi Nord
I bought into RRl yesterday for the first time only ten grand worth @1.185, but do have a couple of more buy's a little lower. I don't know anything about this company so I had a look at the presentation yesterday and it looks good to me especially Rosemont.
It looks like they had some bad luck with rain flooding out Garden well. But they are focused on reducing debt which is only 12.5% debt to equity.
PE ratio@ 11.5 which seems to be good.
Seems to be forming a base here, as you say " it may come down to test the lows". As you seem to know a little about this stock, the question is, what was the catalyst that sent this stock down from a high of 5.87 down to these prices. I would be interested if anyone else has some information
Regards 5riven
RRL Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
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