Good pick up Stan. Timeline has indeed been pushed out. Though I guess the acquisition will be front and mind for most... Quarter was ok really. AISC would have been lower if a bit more bullion had been sold. June Q should see a much better outcome, even if they don't quite meet guidance. I think it will be close. They need to produce 96.3k to hit the bottom end of guidance. It's doable, if the U/G grades improve a bit more. Whilst I know the dividends and tax are the reasons for the lack of cash build, it's still disappointing to see (that is even with the dividends payment being reduced).
Will be interesting to see how the market views this result.
RRL Price at posting:
$2.59 Sentiment: Hold Disclosure: Held
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