RRL would be the premium ASX gold stock if the hedging was erased. I decided to exit RRL after the H1 Results announcement and move the funds into SBM precisely because of SBM’s lack of hedging. I can smell AUD$3,000 gold coming and those companies realising that price will multi-bag quickly.
Perhaps when RRL’s production profile increases it will up the hedged ounces sold?
I did notice the RRL CFO exited last year but man what an expensive legacy he left behind!
RRL Price at posting:
$4.38 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)