This is by no means TA, but what is interesting is the chart showing the disparity in the POG and the RRL SP over the last month.
I don't know what the catalyst will be for the re-rate, but apart from the next quarterly, and the reduced AISC and demonstrated benefits and revenues from Tropicana, I can't see anything major in the near term that will get the SP moving.
Apart from a big jump in the POG and / or McPs approvals which I think will likely be next year given the challenges in NSW from Covid lockdowns (but happy to be wrong and get approvals this side of new years).
In saying this, there is $600m of fresh investment that is under water at the moment, so who knows...
Chart request - RRL, page-73
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$2.04 |
Change
-0.030(1.45%) |
Mkt cap ! $1.541B | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.06 | $2.02 | $4.922M | 2.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 156312 | 12 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RRL (ASX) Chart |