RRL regis resources limited

Ann: Section 10 Declaration Over McPhillamys, page-37

  1. 12,531 Posts.
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    Hey Joel,

    Sadly cannot make, though I will say that I do expect further weakness, as RRL are basically admitting they are likely to remove the 2m ounces of reserves they have booked for McPhils in the short/medium term. That is going to give the shorters something to play with. Not often you see a long term producer remove almost 60% of their reserves.....

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