The "best goldie in the west" for 2016. Further dividends and resource/reserve upgrades to boot. Strong performer quarter upon quarter with a 9c half yearly dividend adding the icing on the cake with much more to come IMO.
At current prices and todays half yearly dividend remaining the same or more the calendar year dividend could represent a basic dividend yield of 4.4% or a 6.3% grossed up (for 100% franking) dividend yield.
Based on these ever improving figures the share price IMO could be $5.60 by the end of the year and possibly $5 by the end of August. Oresome assets and management. Bye.
RRL Price at posting:
$4.09 Sentiment: Buy Disclosure: Held
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