RRL regis resources limited

2.23%

$4.39

Ann: Change to Hedging Structure, page-24

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ralphmouth

725 Posts.

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28/05/21

16:50

Post #: 53495391
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Originally posted by smartdude: ↑

In your situation, having a “Sell” opinion on this stock I would sell and move on. I have done so with a number of stocks.

When those hedges were taken out they probably looked OK at the time. I am actually really happy that they did not add to (long term) hedging at $AUD2,800 as I can see the price of gold going much higher than that this year. Perhaps it is a case of once bitten, twice shy?

RRL is now an unhedged producer of 400k ozs per annum. My view at the current POG this justifies a $4b market capitalisation, adding 200k pa production at McPhillamys takes us to a $6b value and if the POG goes nuts we are in the $10b market cap range. This is one very undervalued company at the present.

I suspect the hedging move today had something to do with cash flow forecasting with the view to funding McPhillamys. I personally would have done things differently as the POG was moving up a couple of years ago but I am not on the Board so all I can do is watch the moves and adjust my portfolio. I have chosen to increase my RRL shareholding simply because it is currently radically undervalued. If the share price does not start moving soon I suspect that RRL will be taken out sooner rather than later.

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I suspect you are correct in that RRL will be taken over sooner rather than later. All the moves point to that conclusion.

Wait until the purchase goes through and then see the deck chairs being re arranged.

Good on you for increasing your shareholding. Shows true conviction.

DYOR

GLTA

RRL Price at posting: $2.63 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $4.39		Change -0.100(2.23%)		Mkt cap ! $3.316B

Open	High	Low	Value	Volume
$4.47	$4.53	$4.37	$16.81M	3.793M

Buyers (Bids)

No.	Vol.	Price($)
5	51252	$4.36

Sellers (Offers)

Price($)	Vol.	No.
$4.39	7201	1

View Market Depth

No.	Vol.	Price($)
2	4000	4.350
4	7325	4.300
1	1174	4.270
2	1435	4.250
1	2700	4.240

Price($)	Vol.	No.
4.420	5266	1
4.550	1000	1
4.570	222	1
4.580	6000	1
4.610	180	1

Last trade - 16.17pm 27/06/2025 (20 minute delay)

RRL (ASX) Chart

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Ann: Change to Hedging Structure, page-24

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