Great points and most critical for me when doing due diligence before buy in 1.20 was the fact that the 'turnaround' was in fact a 'continuation' with an unwanted weather event, rather than a company crisis..
The market reacted as if RRL was in crisis and working that out gave me the confidence to invest especially given the macro gold 'perfect storm' that was and still is unfolding for aussie producers...but I never thought I would see $2 so quickly..
Fully franked div for me in my super is 7-8% as well so this is a dream stock right now..
Looks like $2 support IMHO with guidance on track and generating $50M free cash flow per qtr...
Exploration is the kicker here and I expect significant upgrades to resource later this year
Still going to keep an eye on the weather tho...bom Kalgoorlie radar includes laverton.. curve ball indicator
RRL Price at posting:
$2.01 Sentiment: Hold Disclosure: Held
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