interesting.. could be worth grabbing the performance over three years also..
iv been trading RRL and SAR a few times but for some reason I feel more comfortable with RRL.. SAR market cap now exceeds RRL and has largely eclipsed RRL in forward projections now but RRL is making a lot more money when drilling down into the numbers.. (gross margin / NPAT) etc that's what I think the market has missed although growth as Nord says is perhaps unlikely at RRL without acquisition and of course now is not the time to buy gold mines .. Mcphillamys looks 50/50 if it was already in production they would be laughing ...
SAR have been the superstar of gold in your chart but I think RRL is under the radar they have massive cash stockpile, are the most disciplined operator and there might be some extra dividend who knows
timing the entry is the key but I still like RRL as a consistent performer .. there was still plenty to be made by trading it over this period but this chart is damning LT that's for sure
NST and EVN are the big dogs I don't even play however that is an impressive 12 months for both large Oz production miners
RRL Price at posting:
$4.40 Sentiment: None Disclosure: Held
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