The only thing been squeezed are the profit margins. The high short position makes alot of sense now with this quarterly report release. I am out.
Management needs to focus more attention on costs instead of down playing the breach of AISC cost guidance with language such as "slightly above". Costs are soaring, next year AISC guidance 10% higher than this FY. That is if company can keep things under control, but look at the track record. The company is selling hedged gold at below cost, a big joke.
Management performance very underwhelming, pigs in the trough on shareholder expense. Best bet from here is the share price falls enough that a good company with good management takes over. Or pray for higher gold price.
RRL Price at posting:
$1.56 Sentiment: Sell Disclosure: Not Held
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