June Research Report - Regis Resources, page-57

I see nothing but rrl to continue North next week. I'll await to see all the new brokerage reports and see the new rerating.

Gold price is still $1,500 aud, and the absolute downside for rrl is $1,425 aud as they hedge.

The only issue with rrl is rrl itself. But from their annoucements it appears that they have addressed a lot of shareholders concern like:

-strong production
-mine life expansion
-reserve upgrade and exploration plans for growth
-attractive dividends
-share buybacks

Rrl should be around $1.8-$2 if we do a peer to peer comparison. They are not because of managements unreliability and credibility due to continuous under promising annoucements. I feel they are back on track and cannot wait to see what happens next week.