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Originally posted by Extremo:
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I just had a look at the stock price of Regis May 2021 just after the purchase of Tropicana it was $2.60 gold price at the time was more than 300 usd less than the current price. At the time Regis got smashed the current share price today before the asx opens $2.14 with a number of new ground projected to open in the next 12-36 months that should put there gold production above 600,000 oz When you compare there output to Capricorn 115,000 oz per annum there share price currently is about $4.55. And to this point do not pay a dividend overall my belief is that we are well underpriced would expect a increase in dividend this year and the next 24 months should clear all or most Macquarie Bank deals are for filled. These are facts check them yourself with the projection of the gold price to continue to rise. It would not be unrealistic RRL should be trading above $10 within 24 months. That’s my option only wish they promote there company more
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Gold can only go up under the following circumstances:
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