AIC of around $2150 is reasonable, albeit, nothing like in years past where RRL printed money due to low strip open pits. More heading U/G now.
I dislike the '9' year reserves statement. Later in clearly states 5 years for Duketon. Just be upfront about the position, don't try and be clever, everyone sees through it.
RRL will hopefully see around $120-130m in cash build over FY2023. I hope they don't blunder and pivot back to paying big dividends, when they are going to need the capital to fund McPhil....
Ann: Diggers and Dealers 2022 Presentation, page-2
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$2.02 |
Change
0.020(1.00%) |
Mkt cap ! $1.526B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.04 | $1.98 | $6.268M | 3.117M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 55895 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 117481 | 10 |
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| RRL (ASX) Chart |