Yeah good one. But its not just this company although RRL management have certainly out performed most in the "hedge" gambling environment. They all seemed to do it around the same time so maybe they were all being advised by the same financial "guru" and decided to follow each other like sheep. After being caught out massively selling forward at $1600 to $1800 $aud there has been next to no forward sales in the $2600 to $2800 $aud range from what I know. They like to call it hedging but nothing could be further from the truth as they are simply a one way bet on the gold price. The gold price arena is a very corrupt and complicated game and then you have to take in currency fluctuation and that makes it a doubly difficult game to play.
RRL Price at posting:
$3.10 Sentiment: Buy Disclosure: Held
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