Value Hunter shared an interesting podcast on the other thread. Demand for oil is exploding and $120US a barrel has the world on edge. Meanwhile the POG has fallen. It should have risen $500 an oz. Rising interest rates in USA will see the US $ get stronger. Is the kryptonite of Gold. Regis is a mid cap stock relative small. Last reporting season management cancelled the dividend. Debt from the 1/3 stake in tropicana had to be re payed.
Shareholders like me who took part in the last capital raising and bought the bonus sharesx2 are deeply underwater. Share price has collapsed yet again. 2 weeks marks the EOFY , I hope management remember shareholders and return the dividend.
RRL Price at posting:
$1.81 Sentiment: Buy Disclosure: Held
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