One thing you should do is look at the 22 FY growth capital forecast it shows 155-165 M AUD to invest for the year. Currently in Q1 & Q2 they have spent 131 M AUD so that tells me that they expect large cash increases in Q3 and Q4. Now they have just made this announcement and had a chance to alter their FY22 but if this is correct cash growth will be heavily weighted to q3 and Q4. my 2C.
RRL Price at posting:
$1.81 Sentiment: Buy Disclosure: Held
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