I sold about a quarter after the last report and bought NCM to get a bigger market cap producer. Kicking myself I didn’t buy AGG given we have the info about how good Tropicana is But in the current environment I am only buying through comsec to get shares with a hun number. Worried if there is a mass liquidity event consignment platforms could go tits up. Bought some gdx today as well. Will give Rrl till next quarter to turn it around then will seriously consider getting out. The drop from 260 mil to 160 mil cash is the most concerning thing. That doesn’t include the 44 mil of unused money from the capital raise. About a quarter of that has been used on McP but that still leaves almost 100 mil burned through on a year. That is a lot for a company rig an MC of 1.5B
RRL Price at posting:
$1.97 Sentiment: Hold Disclosure: Held
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