RRL 0.55% $1.80 regis resources limited

Under valued, page-129

  1. 2,450 Posts.
    lightbulb Created with Sketch. 1656
    I also bought in (again) yesterday at $2:41.

    I've taken a small but helpful profit on 2 short term trades in the last 2 months.

    I feel the result was good, the dividend made sense (in hindsight), Tropicana is going to turn out to be a masterstroke, and the share price has been beaten down to around this level 4 times in the last 2 months.

    I *think* a break below this level is unlikely, but in saying that I don't have a stop in place because if it was to go down to $2.20 and $2, I would be buying more at those levels.

    I am looking for $3 by the end of the year. I think Tropicana will delight.

    I am also excited by McPhillamys.

    Although the company is being asked to jump through hoops for the approvals process, I think there is a pretty good chance it will get "State Significant Project" status once it is finally approved - https://www.planningportal.nsw.gov.au/major-projects

    I am confident we will be back above $6.50 (all time highs) within 3 years, and I am hoping for $0.25c (4%) dividends, which is 10% on today's prices.
 
watchlist Created with Sketch. Add RRL (ASX) to my watchlist
(20min delay)
Last
$1.80
Change
-0.010(0.55%)
Mkt cap ! $1.373B
Open High Low Value Volume
$1.82 $1.84 $1.79 $2.610M 1.439M

Buyers (Bids)

No. Vol. Price($)
38 83305 $1.80
 

Sellers (Offers)

Price($) Vol. No.
$1.80 58385 25
View Market Depth
Last trade - 13.03pm 27/08/2024 (20 minute delay) ?
RRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.