Hello All,
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.
Moolart Well : Sept 14/Dec 14 /Mar 15 : 1.47 / 1.19 / 0.94
Garden Well : Sept 14/Dec 14 /Mar 15 : 0.96 / 0.94 / 0.84
Rosemont : Sept 14/Dec 14 /Mar 15 : 1.69 / 1.58 / 1.28
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 !
Hello All, My suggestion for the flaccid share price is the...
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Last
$1.74 |
Change
-0.020(1.14%) |
Mkt cap ! $1.310B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.76 | $1.73 | $4.556M | 2.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 127496 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.74 | 16824 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.73 |
Change
-0.020 ( 1.68 %) |
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| Open | High | Low | Volume | ||
| $1.75 | $1.76 | $1.73 | 782394 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| RRL (ASX) Chart |