G'day Brunette-two.
Yeah, I take your point.
The thing about RRL is that the share price has been driven sooooo low, by the previous management, that I personally think that it will return to some relationship with fair value considering the number of shares on issue now, and what RRL actually have in the ground.
This will probably overshoot, price wise, but there is no way I can see it going back anywhere near it was before all this latest action.
The only way RRL will not remain relatively strong is if the gold bull market comes to an end.
The new management have a following in the industry that will support the share price on their reputation alone, and make it easier to raise money on the most favourable terms possible, when it is neccessary.
Good luck to all us long term holders.
To all who have bought in recently all I can say is. YOU LUCKY BUGGERS, and good luck to you also.
Regards
Lockitt
G'day Brunette-two.Yeah, I take your point.The thing about RRL...
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Last
$2.54 |
Change
0.060(2.42%) |
Mkt cap ! $1.918B | |||
| Open | High | Low | Value | Volume |
| $2.56 | $2.59 | $2.54 | $11.38M | 4.463M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 40092 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 26938 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RRL (ASX) Chart |