Under valued, page-449

The BEOT manipulate everything these days.

I recall SLR falling from $1.75 to $1.43 after a good June Quarterly Report. Everyone there was WTF? Turned out the Vanguard Group were selling off. Although SLR did signal rising OpEx, much the same as RRL signalled in their Sept Quarterly Report. Both have maintained FY22 production guidance.

NST's Sept Quarterly Report was only so so. Their Alaskan project is becoming more questionable. While it only contributes ~8% to production guidance, it is projected to grow to ~15% in the next couple of years. Their BOD expect to increase production 33% and cut OpEx by 20%. I get a bit suspicious of BODs overpromising.

RRL on the otherhand underpromise. Their record however still suggests underachievement. If it wasn't for that, this would represent a good "buy the dip" moment for RRL.

RRL's production measures well against SLR and NST, as does their ore reserves and resource overall.

Much talk about McP but it appears to account for ZERO in the current market valuation.

The RRL share price historical performance suggests RRL is a fizzer, of sorts. However recent share price performance has RRL near it lows, while NST 20% off its lows. SLR has recovered nearly all its lost ground. SLR bottomed at $1.27, NST at $7.98, while RRL did so at $1.86.

I noticed Canaccord Genuity decreased their RRL target price to $3.25 yesterday.


The good news from the FOMC meeting was that Powell slipped in the comment that the Fed would move to provide liquidity "as needed". They need to maintain control over interest rates, as debt approaches US$29t.

The responsible thing now would be to stop QE and start QT(ightening). However if they did, the whole shemozzle would collapse. They've painted themselves into a corner.

Oz Gold equities appeared to become deserted again before the FOMC meeting. Culminating with the Vanguard Group lodging a reduction in Substantial Shareholder notice for NST last week.

Well, the BEOT appeared to have come back into Oz Gold equities today with a vengeance. The Powell "as needed" rider signalling the Fed's intentions NOT to QT.

I expect to see the POG back over US$2,000 sometime in the next 6 months.

RRL has some question marks ... but they all do. The RRL BOD appeared to sweep out some crap last Quarterly Report, so hopefully its onwards and upwards. The RRL share price has been hit by macro, sector and micro negativity recently, like a pokie paying lemon, lemon, lemon. Hopefully seven, seven, seven by next January.

I love a bet (not the Pokies though).