Bad report
If this company had sales revenue of $1.134B Aus and ends the year with NLAT ($-24m)
Something is seriously wrong.
As usual shareholders are the buffer and made to pay for management mistakes.
They correctly identify in the Risk section.
Possibility of future hedging probably at the insistence of Banks when they extend their loan.
Opens the prospect of further future disasters when the price of gold rises.
Also, Ore stockpiles have still to be processed to extract Bullion.
This is probably lower grade and hardly profitable.
Fits in well with managements capability with the high-grade stuff.
Ann: Full Year Results FY2023 Presentation, page-2
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.74 |
Change
-0.020(1.14%) |
Mkt cap ! $1.310B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.76 | $1.73 | $4.556M | 2.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 127496 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 16824 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.73 |
Change
-0.020 ( 1.68 %) |
||||
| Open | High | Low | Volume | ||
| $1.75 | $1.76 | $1.73 | 782394 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| RRL (ASX) Chart |