RRL 2.97% $1.64 regis resources limited

Beachcomber - "Could be possible (Take over) as State street...

  1. 1,256 Posts.
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    Beachcomber - "Could be possible (Take over) as State street announced a substantial holding.This usually means we are being shorted.For shore, the acquirer won't want to pay much for the company.Will come in and act like the white knight doing us a favor."

    From the last quarter " FY24 production and AISC guidance maintained: • Gold production: 415koz-455koz• All in sustaining costs: $1,995/oz-$2,315/oz (incl. ~$200/oz non-cash inventory adjustment)"

    Looking better every day, my new Goldie and if it gets cheaper I will be buying more.
    My take.

    1 - On schedule to make from 100 to 150 million profit this quarter, gold price averaging $3300 oz an oz.
    2 - Takeover possibilities.
    3 - Still cheap relative to most others.
    4 - Still in a safe country that has low sovereign risk.

    Risk

    1 - The gold price ( Double edged sword, risk down but reward up, NO! one knows , one can only guess)

    Happy hunting folks and please do your own due diligence



 
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