To be fair, many Australian miners have gone woke. I was going through the Big Australian's latest marketing document and concluded that if I was investing locally, I couldn't avoid this. Interestingly BRICS have jurisdiction risk but less woke risk. I'd take woke over jurisdiction... unless woke really sinks profitability.
I think this is an opportunity but I'd say that as a bagholder. My investment thesis is (1) printing will resume soon than expected and the AUD gold price will go up, and (2) production will pick up as pandemic related issues can't last forever. The thesis could be applied to other goldies. I just think RRL has more leverage. Of course, since buying in AUD gold price has been flat and production is down even more, and leverage has been to the downside.
RRL Price at posting:
$1.30 Sentiment: None Disclosure: Held
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