I am snapping them up too at these prices. I am bullish for gold though and anyone who leans in the opposite direction should go on a different path as 5% change in gold price translates to about 10% impact on prices of most gold bug shares. With Regis that correlation is somewhat unrecognizable at the moment, following all the Huplah on dilution and Tropicana-acquisition. But in the long run that correlation will prevail there also and added to that are the opportunities of McPhillamys.
RRL Price at posting:
$2.46 Sentiment: Buy Disclosure: Held
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