RRL

3.75%

$2.49 regis resources limited

Optimistic forecast, page-65

First 65 Last

Share
Profile

Follow
SpaceMiner

346 Posts.

40

13/07/21

21:40

Post #: 54479137
Share

Originally posted by Ironstone338: ↑

In feb 2020 Doddsy11 correctly foresaw 16 months of price action down to 2.30. This was stated to be on 10 years of charting. At that time the RRLsp was about 4.30 and pog about where it is now ie AUD2400 having risen strongly since 2016.
Which means the primary input for the foresight/opinion was the low RRL sp during 2013-2015 when the pog was around AUD1400.
Obviously combined with a view that the 2017 to 2019 upturn in pog would reverse.
Bear in mind that at feb 2020 covid was just hitting and we did not know of the massive stimulus money print to come.
Translate this wisdom to todays facts. There are two material differences both of which point to the sp having bottomed and moving up from here.
First, the pog is less likely to fall due to the money printing and inflation. It also has mid to long term demand pressure from the growing middle class in India and China.
Second, RRL is a different enterprise with Tropicana on board. It was a solid, non dilutive deal at 2.70. If I recall correctly Jim Beyer said in the webcast that they did their numbers at an assumed pog of 2000. Thats vs 2400 current. Yet loud hissy fits thrown by some were heard and pounced upon by short sellers. And opportunists, me included. So the shorters are moving on, its too dangerous for them now because of price spike risk. The opportunists have taken their fill and stopped buying. This is why the price is on a plateau right now.
Where to from here? The stage is nicely set for a rush of intetest on announcements coming shortly.

Expand

Good analysis... RRL is good example why holders ( who are biased for sp appreciation) should not dismiss any negative comments as downramping or crazy.

Current sp has zero value for McPhillamys. Company paid almost 150million( 35million *$4.20) in 2012. That is almost 500mill to 750 mill including dividend and opportunity cost in today's dollars. So any good news on McPhillamys should add at least 50cents to sp.

good luck to all holders

dyo

RRL Price at posting: $2.55 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

First 65 Last

Add RRL (ASX) to my watchlist

(20min delay)
Last $2.49		Change 0.090(3.75%)		Mkt cap ! $1.881B

Open	High	Low	Value	Volume
$2.47	$2.51	$2.45	$11.01M	4.429M

Buyers (Bids)

No.	Vol.	Price($)
9	171517	$2.48

Sellers (Offers)

Price($)	Vol.	No.
$2.51	43782	5

View Market Depth

No.	Vol.	Price($)
2	8924	2.480
1	407	2.450
2	9250	2.400
2	20000	2.390
1	10000	2.360

Price($)	Vol.	No.
2.520	10600	2
2.540	10000	1
2.550	7045	1
2.560	585	1
2.600	20600	7

Last trade - 16.10pm 15/11/2024 (20 minute delay)

RRL (ASX) Chart

Optimistic forecast, page-65

Banshee's historic trenches prove rich in antimony and gold for GDM

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Optimistic forecast, page-65

Top Stories

Banshee's historic trenches prove rich in antimony and gold for GDM

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News