RRL 3.72% $1.81 regis resources limited

Let the hedges play out as planned. We have a plan to get out of...

  1. 369 Posts.
    lightbulb Created with Sketch. 79
    Let the hedges play out as planned. We have a plan to get out of them methodically. Let the company focus on adding value by reducing aisc, increasing grades, exploration/reserve upgrades. Getting mcphillamys online. The current hedgea are terrible in hindsight and the board has done what it can. We dont need to be invested in a gold miner with a destroyed share price for the board then to go and *speculate* on future gold price by closing out hedges at near highs in metal price. If they get it wrong and audgold falls back to 2200 in 3 months they would be rightly slaughtered (figurative only). We need to stop the incessant focus on the hedges. Its a financial liability like any other and its being managed. The negative impact is more thab priced in.
    Last edited by euphoria: 03/12/21
 
watchlist Created with Sketch. Add RRL (ASX) to my watchlist
(20min delay)
Last
$1.81
Change
0.065(3.72%)
Mkt cap ! $1.367B
Open High Low Value Volume
$1.77 $1.81 $1.74 $14.89M 8.371M

Buyers (Bids)

No. Vol. Price($)
1 27309 $1.81
 

Sellers (Offers)

Price($) Vol. No.
$1.82 128379 6
View Market Depth
Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
RRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.