RRL regis resources limited

Thanks acwmr,They cut their interim dividend in half with the...

  1. 170 Posts.
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    Thanks acwmr,

    They cut their interim dividend in half with the following explanation:
    "The interim dividend reflects the Company's financial preparations for the development of the McPhillamys Gold Project in NSW should approval be received from the Independent Planning Commission in 2021".

    They also increased their capex guidance for McPhillamys by $7m to $22m "to ensure the project is Final Investment Decision (FID) ready in the event of a near term Independent Planning Commission approval".

    Not sure what to make of it. Will be listening to the call this morning to see what they have to say!
 
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