I have been going through asx gold producers recently just updating my notes on them.
One that stood out was RRL. a few months ago when I went through the gold shares I dismissed them pretty quickly because they had a horrible hedge book. I didn't look to much further.
But since then they have closed out there hedge book.
just based on my initial look they now seem a bit cheap for a 400koz+ producer and only $1.5B MC.
Ann: Half Yearly Report and Accounts, page-110
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