I’m not convinced a buyback works from where RRL is, management have let sentiment and share price drop so low it seems too late.
The Australian has an article about an RRL and GOR merger.
Something like that may actually work, would at least provide a way to deal with lack of faith in RRL management.
Resource update, page-17
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Last
$1.78 |
Change
-0.010(0.56%) |
Mkt cap ! $1.340B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.76 | $3.430M | 1.934M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 43503 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 48116 | 6 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |