RRL is well hedged. Doesn't make sense to sell RRL now before they bring their 3rd project online and either pay out a dividend or do a buyback (all in Q3).
OTOH, imO we should do a forward sale of a good chunk of our gold (TGP), even if that means that we will only make 20 mio profit / year on it instead of 30 mio.
I think our SP will react very positively to any good news on the DZP front, including the niobium deal or tantalum recovery. Doesn't have to include financing to get us moving up again, imO. Currently we are getting beaten down by shorty because the only news we get is the falling gold price. Once serious buying starts, shorty has to cover, and we move straight up ...
RRL is well hedged. Doesn't make sense to sell RRL now before...
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Last
55.0¢ |
Change
0.020(3.77%) |
Mkt cap ! $331.9M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 55.5¢ | 53.5¢ | $668.4K | 1.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 100906 | 55.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.5¢ | 117919 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |