RRL 1.48% $2.00 regis resources limited

Under valued, page-129

  1. 2,467 Posts.
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    I also bought in (again) yesterday at $2:41.

    I've taken a small but helpful profit on 2 short term trades in the last 2 months.

    I feel the result was good, the dividend made sense (in hindsight), Tropicana is going to turn out to be a masterstroke, and the share price has been beaten down to around this level 4 times in the last 2 months.

    I *think* a break below this level is unlikely, but in saying that I don't have a stop in place because if it was to go down to $2.20 and $2, I would be buying more at those levels.

    I am looking for $3 by the end of the year. I think Tropicana will delight.

    I am also excited by McPhillamys.

    Although the company is being asked to jump through hoops for the approvals process, I think there is a pretty good chance it will get "State Significant Project" status once it is finally approved - https://www.planningportal.nsw.gov.au/major-projects

    I am confident we will be back above $6.50 (all time highs) within 3 years, and I am hoping for $0.25c (4%) dividends, which is 10% on today's prices.
 
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Last
$2.00
Change
-0.030(1.48%)
Mkt cap ! $1.510B
Open High Low Value Volume
$2.04 $2.05 $2.00 $6.243M 3.102M

Buyers (Bids)

No. Vol. Price($)
11 59921 $2.00
 

Sellers (Offers)

Price($) Vol. No.
$2.02 80765 4
View Market Depth
Last trade - 16.10pm 03/10/2024 (20 minute delay) ?
RRL (ASX) Chart
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