3-4c although I wouldn't be unhappy with a buy back instead of a dividend at these prices. Regis needs to change the narrative from safe dividend paying stock to growth stock. That reputation damage is already done. The worst thing management can do here is flip flop in terms of strategy. The current course suggests deep exploration investment in Duketon and Tropicana to build out the resource base. The resource update along with hitting guidance will be the next catalysts for this stock, not an increase in dividends. That will come later when the output hits 700k Oz. Patience needed if that's your game.
RRL Price at posting:
$1.83 Sentiment: Buy Disclosure: Held
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