RRL 1.14% $1.74 regis resources limited

Optimistic forecast, page-60

  1. 39 Posts.
    lightbulb Created with Sketch. 47
    In feb 2020 Doddsy11 correctly foresaw 16 months of price action down to 2.30. This was stated to be on 10 years of charting. At that time the RRLsp was about 4.30 and pog about where it is now ie AUD2400 having risen strongly since 2016.
    Which means the primary input for the foresight/opinion was the low RRL sp during 2013-2015 when the pog was around AUD1400.
    Obviously combined with a view that the 2017 to 2019 upturn in pog would reverse.
    Bear in mind that at feb 2020 covid was just hitting and we did not know of the massive stimulus money print to come.
    Translate this wisdom to todays facts. There are two material differences both of which point to the sp having bottomed and moving up from here.
    First, the pog is less likely to fall due to the money printing and inflation. It also has mid to long term demand pressure from the growing middle class in India and China.
    Second, RRL is a different enterprise with Tropicana on board. It was a solid, non dilutive deal at 2.70. If I recall correctly Jim Beyer said in the webcast that they did their numbers at an assumed pog of 2000. Thats vs 2400 current. Yet loud hissy fits thrown by some were heard and pounced upon by short sellers. And opportunists, me included. So the shorters are moving on, its too dangerous for them now because of price spike risk. The opportunists have taken their fill and stopped buying. This is why the price is on a plateau right now.
    Where to from here? The stage is nicely set for a rush of intetest on announcements coming shortly.
 
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Last
$1.74
Change
-0.020(1.14%)
Mkt cap ! $1.310B
Open High Low Value Volume
$1.78 $1.79 $1.72 $5.590M 3.214M

Buyers (Bids)

No. Vol. Price($)
2 5141 $1.73
 

Sellers (Offers)

Price($) Vol. No.
$1.74 10510 3
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Last trade - 16.10pm 10/09/2024 (20 minute delay) ?
RRL (ASX) Chart
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