Hey Fbx - firstly, damn.. I really need to proof read my posts a little better
I look forward to seeing RRLs quarterly. I have very little confidence in everything other than Tropicana.
From time to time they are going to have a decent quarterly just because of timing of sales, but... on average, they basically just keep burning through their cash.
Honestly, it would surprise me if RRL went to $3 quickly (as per your chart)... just as easily as it could back to bellow $2.
RRL has definitely lagged compared to most other producers even with the McPhil news.
RRL is cheap, but... I just struggle to look through what the board have done over the past decade. It's a real balance, between potential short term gains, versus, just keeping my capital in companies that are better run.
Good luck with the trade!
McPhillamys, page-86
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Last
$1.92 |
Change
-0.035(1.79%) |
Mkt cap ! $1.450B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.93 | $1.89 | $9.807M | 5.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 57721 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 49074 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RRL (ASX) Chart |