I think investors are starting to realise that this company does not really produce much free cash flow at all, despite the relatively high gold prices
It has consistently claimed over the years to produce at low AISC, but for some reason, it always need to plough in huge amounts of money for mine development, McP, you name it...and end up generating minimal free cash for shareholders. Yes, it needs to develop new mines but production has only marginally increased. If this cycle continues, when will shareholders ever see the money, other than the meagre dividends?
Take a look at the Q1 cash flow and that's what exactly happened
RRL Price at posting:
$1.90 Sentiment: Hold Disclosure: Held
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