Tropicana, page-116

“The best goldie in the west quarter after quarter with plenty more dividends plus to come from this beauty, looking forward to that next dividend announcement. RRL the Company that keeps on giving”, is no longer for now.

Firstly the recent reduction in dividends with over $200M in the bank was most disappointing on the guise of preserving monies for the undeveloped yet to be NSW Gov approved McPhillamys Project.

Secondly, all my dividends over the pass four years have been eroded by the substantial capital raising at five years low for a minority 30% interest in the Tier 1 Tropicana Gold Project with a ++10 year mine life, resulting in now substantial capital losses on paper.

Shattered by the actions of the RRL BoD and the greedy controlling discounting Merryl Lynched etc mob.

But, if you can beat them join them at these prices. Fundamentals are exceptional on paper in the medium-long term and RRL will have a significant upward price correction upon completion of the underwritten retail entitlement offer and 60 day Anglo pre-emptive rights expiry date.

SP will be kept around the $2.70 issue price so that the fat cats and the establishment get their fill. I am buying as many I can below $2.70 and will be partaking in the retail offer and apply for maximum additional shares.

RRL is a no brainer at these SP’s, join in with the chosen ones and get your fill indirectly from the BoD. In the meantime, does anyone know if IGO/RRL hold a pre-emptive right over Anglo’s 70% interest? Bye …

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Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss