Indeed. RRL has some gumshoe... to not even explain why their guidance is no where near the 500k they have been spouting for years.... Interesting point regarding RRL being like a term deposit. The hedge is a big impediment, but... so is their ability to actually make any money (the hedge is now barely a quarter of their production, yet the 75% sold at spot is wasted away).
@Reaper11 - As brian mentions, RRL could potentially start development of McPhil in FY2024, or... attempt a new U/G operation etc.
Wish I never added this stock to my super all those years ago, but... even dogs have their day.
RRL Price at posting:
$1.88 Sentiment: Sell Disclosure: Held
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