I've been asking myself the same question for awhile.
This is a big red stain in my portfolio.
My average purchase price is unfortunately $3.687. So I'm currently -46%, and it hurts.
At the time I bought in, I was convinced the fair value was about $5.
The market obviously disagreed with me quite badly.
I think the fundamentals for RRL are still very strong. I can't quite figure out why it has dropped quite so badly.
Their assets FAR outweigh their debt. (They actually had 0 debt when I bought in).
Their reserves have massive profit potential.
There's definitely been a shift away from gold as a popular stock interest.
I've been asking myself the same question for awhile.This is a...
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Last
$1.76 |
Change
-0.005(0.28%) |
Mkt cap ! $1.325B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.75 | $4.830M | 2.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 71476 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 1005 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |