RRL needs to start giving back, in the form of dividends, not spending on future risky (McPhillamys) massive projects that are only viable based on high gold prices. Any miner risking a new project solely based on being profitable on the current lofty gold price is a stupid gamble unless they have favourable long term hedged forward sales in place. They don't as far as I'm aware. Any unforeseen fall in the gold price will end all lofty aspirations. High interest rates can do that overnight. Imagine it happening half way though McPhillamys?Anyway it's your money. Read, Heavy losses. What's to stop gold falling well below $1800 USD? I think the above points is why the SP is falling.
Ann: Becoming a substantial holder, page-44
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Last
$1.82 |
Change
0.010(0.55%) |
Mkt cap ! $1.374B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.85 | $1.80 | $26.27M | 14.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 227466 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 173839 | 7 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |