At current SP of 1.68 the dividend yield is 4.3% which is attractive. Waiting for the bottom to buy a big parcel. The irony about McPhillamy is the longer it is delayed, the more the value goes up. In fact regis is better off leaving it there sitting in the ground. With the endless QE money printing inflation is here to stay for a long time. It is said the amount of money printed this year is more than all the money printed in the last 100 years. The last thing you want to hold is lots of cash. The problem is cryptocurrencies is now the perceived hedge against inflation. Just wait and see what happens when bitcoin crashes. Then money starts moving back to gold.
RRL Price at posting:
$1.68 Sentiment: Hold 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)