My suggestion for the flaccid share price is the following : Grade degredation is a significant concern and
has not gone un-noticed by the professional analysts.
The analysts plug this info into their spreadsheets religioulsy.
So whats the trend suugesting for next qtr .. ? ~0.85 / ~0.74 / ~1.10 ... ???
At that rate of degredation / projection - no wonder the stock is getting slaughtered !
The company has been making excuses for the above for 7 or 8 quarters - especially at G. Well.
The market no longer has confidence in this outfit to turn that degredation around. In NST it has that confidence, that company has earnt it.
Me - I backed RRL at much higher prices so am hurting with all who did the same.
What I'd love to see is something like : 1.08 / 0.95 / 1.45. I think the only one to do that will be Rosemont. I hope I'm wrong and they turn all 3 deposits around.
This would be the catalyst for a short cover return to $1.50 plus.
Good luck to all holders - watch the grades !
RRL Price at posting:
$1.22 Sentiment: Hold Disclosure: Held
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