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
$1.74 |
Change
-0.025(1.42%) |
Mkt cap ! $1.310B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.75 | $1.72 | $5.469M | 3.160M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11513 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 27186 | 2 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |