If you are shorting RRL partly on the premise that gold is not going to $2500 usd, you must believe 5 things
1. The value of the USD will continue to rise
2. There will be no further wars or unrest
3. Interest rates will continue to rise
4. RRL wont make any further announcement about progressing with developing McPhillamys
5. RRL can't produce signifcant gold above their hedge commitments
if you dont believe these things I recommend you run from your short positions.
McPhillamys, page-87
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Last
$1.77 |
Change
0.035(2.02%) |
Mkt cap ! $1.337B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.77 | $1.70 | $10.34M | 5.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 33162 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |