The continued selloff is most likely because of what is already known to the market:
- McPhilly's is likely going to be dead on arrival, capex figure far too burdensome (especially given RRL's existing debt)
- With their long-promoted growth project likely gone, they're now having to pump Duketon North/South and Rosemont as "Underground Growth" whereas in reality it's just replacing depleted ounces.
- The announcement didn't give any specifics and just ambiguously claimed that the spend would be "value accretive across a range of prices". This from the same management team who decided to wait until gold was hitting fresh ATH's before closing out their hedge book at a cost of $98M - not sure they understand what "value" looks like
It's no surprise to me that since 1st May, short positions have increased from 1.22% up to 3.27%. If you wanted to hedge your long-gold positions elsewhere with a sector underperformer, Regis is where you come.
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$1.79 |
Change
0.030(1.71%) |
Mkt cap ! $1.348B |
Open | High | Low | Value | Volume |
$1.79 | $1.81 | $1.79 | $6.108M | 3.404M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33130 | $1.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.79 | 4014 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33130 | 1.785 |
9 | 92087 | 1.780 |
7 | 47885 | 1.775 |
5 | 97910 | 1.770 |
3 | 35561 | 1.765 |
Price($) | Vol. | No. |
---|---|---|
1.790 | 4014 | 3 |
1.795 | 6376 | 3 |
1.800 | 16481 | 8 |
1.805 | 86578 | 8 |
1.810 | 82570 | 7 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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