I would say that you are in the significant minority arsenic. There are others too who recognise value in what RRL have done. Short term negativity perhaps and the price for Tropicana was a bit of a shock to the market but the overall production and resource figures are not bad in relation to its peers of equivalent production (RRL was already undervalued in my opinion). Add McPhillamy into the equation, all going well, and we have a decent size producer at a pretty low price (even when including capital expenditure for McPh). I last bought at 258c prior to the close of the SPP and am tempted to get some more at today's closing price but need to wait in view of my current exposure and the possibility of further decline. I see RRL as an investment rather than a short term trade and likely with a continuing dividend, even if reduced from previous years.
RRL Price at posting:
$2.54 Sentiment: None Disclosure: Held
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