Actually, owning good mining assets steered by excellent company Boards & executives focused on shareholder returns rather than overpriced acquisitions has delivered returns in excess of the physical metal. Look at all the other mid/large tier miners over the last 2 months. That's the way it's meant to be. Clearly missing from here .IGO share price still steadily up since divesting, RRL languishing at lows...says it all. Even if the POG rises, I'll venture RRL will be a laggard simply because ROE has been permanently impaired due to the massive CR at the low price raise compounded by overpaying for Tropicana. Everything needs to go right for this to work now...a rising POG and McPhillamys approval. If it doesn't, expect ongoing below par share price performance for a long time, way past the raising stock overhang.
RRL Price at posting:
$2.54 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)