Glad you enjoy my posts, though I am very happy if you tear into them! Never want to get to comfortable in my views, as without doubt, I have made many many mistakes....RRL - cheap, no doubt about it. Though as I alluded too, the current Q will likely be soft, with costs up (due to a myriad of reasons). However, dare I say it, sentiment is starting to change in the sector. This alone may mean that any short term weakness in regards to the quarterly, will likely be short lived.
I have been pretty clear that I was unimpressed with the price paid, but... it's done now. What matters, is that it will def make RRLs AISC lower, production higher and it moves it's presence in the market (i.e production profile).I do feel that if RRL really wants to shake off the negative views, it needs to start showing tangible results from its increased exploration programs. At least, that is what I am looking for.
Good luck with your investments. RRL is cheap, but... there is a host of gold producers that I feel meet that criteria.
RRL Price at posting:
$2.13 Sentiment: Hold Disclosure: Held
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