Yes agreed.
What a frustrating company and leadership team - they just keep whipping out the same presentation about one day (with no specific date provided) being a future 500K oz p.a. producer - with a graph detailing their future production rate - which includes a fully operational McPs.
Now out of the blue (in a matter of weeks) they have pushed out the investment decision making on McPs by a year or so and dramatically dropped the guidance.
RRL leadership need to start taking some responsibility and develop a real plan to take the company to the next level - because shareholders are witnessing its share price being destroyed while the gold price goes up.
The scary thing is that the company will still generate a lot of free cash in 2024/25 - but it’s maybe the years after which have investors nervous.
Yes agreed.What a frustrating company and leadership team - they...
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Last
$1.63 |
Change
-0.060(3.56%) |
Mkt cap ! $1.227B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.62 | $5.419M | 3.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 46005 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 25500 | 2 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |