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!
RRL Price at posting:
$2.34 Sentiment: Hold Disclosure: Held
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