Good summary. To defend the company it did flag in advance that Q1 would have soft production. As many jump at times like this I exited recently after topping up and averaging down at lows.
I also have followed some market analysts who believe a big market crash is coming soon which will initially take precious metals and everything else down before PMs rebound after the initial carnage. I tend to agree that this is coming so have some dry powder on the sidelines. It would be nice to pick up RRL at $1.50 or other gold stocks heavily discounted. Does anyone out there also think this is likely? Am interested in views out there.
RRL Price at posting:
$2.14 Sentiment: Buy Disclosure: Not Held
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