A year ago the RRL share price was sitting at around $4.80. When the December 2018 Quarterly Report was released the realised gold price was around AUD$1,700 per Oz. Fast forward 12 months and RRL is ticking along nicely and will realise > AUD$2,000 per Oz.
With the increased EBITDA I expect that dividends will progressively increase with the POG. It is not unfathomable for those buying at today’s prices to be sitting on a dividend yield north of 7% in the medium term future.
The share price is clearly disconnected from the fundamentals. I don’t expect this to last much longer.
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Last
$2.65 |
Change
0.100(3.92%) |
Mkt cap ! $2.002B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.67 | $2.61 | $8.919M | 3.372M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43480 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 61126 | 2 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |