Don't forget 20M of that was a tax refund, not cashflow from operations.
But also don't forget the rain event hit ops until the later half of April. I had thought the rain recovery was before April but was further into this quarter than I had originally thought.
Im not unhappy with the result, but as others have pointed out RRL has a growth problem, and while duketon area has good mineralisation, the risk and likelihood is that we will have to go UG/open a new mine. Which requires capital.
with all that said, I am still of the belief that RRL is cheap, and with a market cap of 1.4B, the cashflow generation is solid. On the proviso they can replace those ounces which I believe they can RRL has a lot of upside.
McPhilllamies is a call option on a new area and too expensive to touch in the next 18-24 Months at least.
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$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. |
---|---|---|
$1.92 | 165950 | 16 |
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No. | Vol. | Price($) |
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1 | 4085 | 1.910 |
1 | 4085 | 1.905 |
1 | 4085 | 1.900 |
1 | 4085 | 1.895 |
1 | 4085 | 1.890 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 83323 | 9 |
1.925 | 55585 | 3 |
1.930 | 54585 | 3 |
1.935 | 57200 | 3 |
1.940 | 54085 | 2 |
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