Hold on Trades, that is a bold call for RRL considering its past few years performance. This quarter saw the highest POG in AUD full stop, plus RRL received a $20m tax refund, so you need to pair your extrapolation back by $80m. Though hopefully, RRL will be able to become debt free by the end of FY25. While the market might be happy in the short term, the bigger price sensitive piece of news to come in the near term is RRL FY25 guidance. I think they will barely produce 400k ounces due to having to close it's Duke North plant (just run out of ore and they have not invested any $$ in recent years). In saying that, my pessimism may prove unfounded and I hope long suffering RRL holders do well.
RRL Price at posting:
$1.78 Sentiment: Sell Disclosure: Held
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