RRL would be trading significantly higher if it didn’t have that large milestone (hedgebook) around its neck!
“429koz at an average of A$1,617/oz”
What was management thinking??
The questions is, does the large discount and growth prospects outweigh its hedgebook blunder?
Personally, no Goldie’s should be adding to their hedges at present and each should be taking some short term pain and getting rid of what they have currently as when AUD gold hits $3000 those who have been most ruthless will be the biggest winners!
Ann: RBC Investor Day Presentation, page-3
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Last
$1.68 |
Change
0.050(3.08%) |
Mkt cap ! $1.265B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.69 | $1.62 | $7.424M | 4.468M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19775 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 15224 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |