Ann: Company Update, page-29

So we are reading here that RRLs management/financial department is not able to do quarterly revisions on substantial subjects of balance sheet and p/l figures.Write off on exploration costs of tenements not longer held. What a joke. As we have seen that before (during last year FS they did a similar write down on stock-piles after Q4-results) I am angry at myself for not having seen that coming this time around. I thought they had learned. Nope, they did not. Or they purposefully did not. In both cases that leads to the fact that I can spare plenty time because any analysis of quarterlies and any projections derived from that work is totally in vain.Moreover, 3 weeks ago RRL-management saw fit to report an "annual AISC slightly above FY 22 guidance of 4 1.425-4 1.500/oz", yet managing to not derive substantial earnings at the bottom line. So with RRL the reported AISC (as per Q4) is not really a viable KPI any more.
As others said above, RRL changed so much from when I started to take interest that I will speed up the reduction of my holdings (at great cost). I will probably keep a small portion to keep me reminded of a bad mistake (and for reasons of lingering sunk cost fallacy and some residual hope for a take over or a McP approval). GLTAH