I say it again look at the volume today it is being manipulated. They will pay 3 cent dividend in 3 months it will cost 15 million. Assuming they have qtr of 75K ounces then cash will grow by about 41 million before OH, Tax, Royalties, exploration . Cash at end March approx 46 Million. My guess is about 70 million at end June. Easily deal with 15 million dividend. Not sure but I guess they will all have franking credits.
People rotating to take loss prior to end of FY. Assuming 6 cents for 12 months means yield is about 4.8% allowing for FC it is 6 %.
I bought another 20K at 1.25 now holding 40K target 100K ( time average)
RRL Price at posting:
$1.26 Sentiment: Buy Disclosure: Held
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