RRL regis resources limited

Breaking $2.00, page-3

  1. 4,358 Posts.
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    RRL has been under performing most of the gold stocks for the last month. Funds selling and a director selling doesn't help, particularly from a sentiment point of view.

    I think it is at fair value now and there isn't a rush to buy. That's understandable since the short term production trend is sideways at best and the medium term growth options look fairly limited.

    Short positions have unwound to 6.5% from a peak of over 10% at the start of the year. The squeeze that looked possible hasn't eventuated probably because of the shorts buying back a lot of stock from the funds exiting.

    I think Regis management will consider the purchase of Barrick's Cowal gold mine in NSW. It is within the region of McPhillamy's deposit (~150km away) and Regis could see the potential to build a long term regional presence like they have in Duketon. The price is probably $200-300M which Regis could finance through a capital raising and debt funding. I guess it depends on how badly Barrick wants to sell. Regis is not exactly in a position of strength but they need to show growth to the market.

    Regis has clearly been replaced as the top mid-tier gold stock by Northern Star and looks like a lot of institutional money is now going into Northern Star instead.
 
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(20min delay)
Last
$4.36
Change
0.060(1.40%)
Mkt cap ! $3.249B
Open High Low Value Volume
$4.35 $4.42 $4.35 $1.505M 344.6K

Buyers (Bids)

No. Vol. Price($)
2 862 $4.36
 

Sellers (Offers)

Price($) Vol. No.
$4.37 3909 7
View Market Depth
Last trade - 10.08am 22/07/2025 (20 minute delay) ?
RRL (ASX) Chart
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