Agreed. Not great for the shareholders who stumped up for the raise but the company would have been in a world of hurt were it not for the low cost production at >$1400/oz incremental margin (given the hedging was all on balance sheet pre Tropicana).
As to hedging I'd point out that while there is 6 more quarters of pain left we are finally approaching the light at the end of the tunnel on this debacle.
At A$2,750/oz FY25 will see FCF increase by c$142m pre-tax from FY24 if RRL can maintain production. If RRL can just keep it together until then we could find ourselves in a position where they have an approved asset ready for development and are generating enough cash to be able to fully fund it with project debt and corporate cashflows.
Ann: Quarterly Activities Report, page-5
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.92 |
Change
0.120(6.69%) |
Mkt cap ! $1.446B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.92 | $1.87 | $14.41M | 7.572M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10157 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 165950 | 16 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |