I would say its a bit of June sell-downs, Looking back over June on a few stocks shows the dips, Then July is off to the races again.
I like RRL as its got growing earnings, a good dividend is projected, Produces 300,000 oz of Gold.
Morningstar Rating is at $1.70c, Earnings for 2016 is over 22c or 28c or so, 6.5c Dividend Projected for 2016, and it has exchange traded Options on it, and the projected dividend is over 5% with growing earnings.
What else could you want, selling a call option nets close to 5% per month at the money. It ticks all my Boxes.
I would say its a bit of June sell-downs, Looking back over June...
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Last
$4.30 |
Change
-0.170(3.80%) |
Mkt cap ! $3.249B | |||
| Open | High | Low | Value | Volume |
| $4.25 | $4.44 | $4.18 | $17.38M | 4.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7500 | $4.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.32 | 93859 | 6 |
View Market Depth
| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |