I remember when Saracen raised A$796 million at $2.95 per share...

I remember when Saracen raised A$796 million at $2.95 per share to buy the Super Pit in 2019. (a 13% discount to the closing price on announcement and far from high of $4.49)

A lot of investors said they SAR overpaid... etc etc. HC forums full of negative analysts that read what Goldman Sachs tell them what to do.
I was a shareholders and bought on the CR and on the market. Best decision ever as 12 months later stock reached $6.20 (yes. doubled from $2.95!)

Similar set up happening on RRL... but the sell off from highs was a lot bigger, so retail investors who bought the top are under a lot more at the moment.

After the CR at $2.70.... Large instos are going to shake and test the patience of shareholders. Up to $2.70 CR price. Down to $2.50 a few times to create a lot of fake breakdowns/sell offs. That's going to separate who is going to make huge profits or those who are going to hand their shares to big instos

RRL shareprice was already shamed on the lead up to the CR. The banks got a great deal.

Patience is required and those who can buy more at current prices (BELOW CAPITAL RAISE) are going to reap the rewards in a few months when RRL is already trading above $3.50

I am loving it because I had the chance to buy a lot more today and also buy some warrants RRLKOA

Mcphillamys approval is coming... Gold prices up are going to also provide a good boost. a lot to like here.