But the rise in gold price has affected Regis earnings..
And will into the future as although their hedging is currently at a low price it is deferred hedging as someone explained to me.
Anyway i can't see RRL having an MC under 2 billion anytime soon, they are debt free and have a lot of cash.
Don't forget at the end of march quarter they also had 25koz of gold in hand unsold..
with a combination of spot differed hedging and spot prices they have probably sold over 100koz at $1900 an ounce last quarter, we will find out in coming weeks.
Technicals saying 3.80, page-17
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Last
$1.76 |
Change
-0.005(0.28%) |
Mkt cap ! $1.325B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.75 | $4.830M | 2.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71476 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 1005 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |