RRL finally calling out that the disastrous hedging undertaken years ago (predominantly under Clark's tenure as MD I'd note) is costing them c$100m per annum in pre-tax earnings / cashflow.
Good news is we'll be down to 170k oz hedged remaining as at Dec 22 and zero by end FY24.
If RRL can continue to find ounces to replace mined reserves at Duketon business could be primed for significant cash generation in FY25 and beyond (pre McPhillamy's build obviously).
Ann: AGM Presentation 2022, page-2
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Last
$1.72 |
Change
-0.013(0.72%) |
Mkt cap ! $1.308B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.80 | $1.72 | $7.293M | 4.180M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 106174 | $1.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 24360 | 33 |
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| Last trade - 15.33pm 17/06/2024 (20 minute delay) ? |
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Last
$1.72 |
Change
-0.013 ( 1.00 %) |
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| Open | High | Low | Volume | ||
| $1.80 | $1.80 | $1.71 | 1438180 | ||
| Last updated 15.52pm 17/06/2024 ? | |||||
| RRL (ASX) Chart |
