Arkie,
For me long term RSL is a better stock to hold. Andrew Bell has proven himself as a mastermind of doing great deals. Jupiter (JMS) and Pallinghurst was fantastic, the sale of the Kansai interests for a total cash consideration of C$40 million (a phenomenal deal) and the joint venture with Globe which frees RSL up to focus on other projects whilst not having to do a cap raising for Machinga, and that's just in the last 2 years.
What else has this man got up his sleeve?
With RRR as the largest shareholder of RSL, I'm sure he will be looking after this baby very well.
I can't hardly wait for the Hayes Creek South results given the nearology of THX and TUC, and the imminent announcement on Machinga will only serve to move the share price in a positive direction.
I've always said this is a marathon, not a sprint, it seems we've moved away from the starting line as the gun has been fired.
Cheers,
Tangrams
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