one thing I look for is NTA. currently the company has assets of 2.10 per share. (Barring any asset write downs) and our balance sheet doesn’t include our brand as an assets so it is more conservative. Most well performing businesses trade above their NTA as the people and tools the business uses generates recurring income from those assets. So currently you can buy the RRL business below the combined value of all of its assets and get a relatively stable business generating income with lowish debt. my assumption is next qtr production is between 115-125K ounces. if this is correct and AISC is within range we are indeed cheap but I think we won’t remain cheap.
RRL Price at posting:
$1.90 Sentiment: Buy Disclosure: Held
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