feck the dividend. They have used the cash to early repay the $300M debt which is a better use. They have McPhillamys which may be a go again in 6 months time.
Honestly the people clamouring for a dividend after a couple of good quarters are not thinking holistically about the business needs. If you want some income, sell a few shares if thats your perogative. RRL needs to focus on maintaining a healthy balance sheet for both future credit, McP and/or other opportunities.
Just sit tight for a few quarters and let the cash build continue.
RRL Price at posting:
$2.96 Sentiment: Buy Disclosure: Held
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