You and me both mate. Divvy was the one and only niche that kept...

You and me both mate. Divvy was the one and only niche that kept RRL apart from the rest. Without that RRL needs to rely on accretion which is miserable looking at the chart.

The BOD direction needs to change and needs to change fast. People often forget that Daedalus made two warnings. Not to flys to close to the sun because it will melt the wax on your wings. The second is to not to fly too low that the water wets the feathers. Plenty of hubris stories out there as an example of the first. But RRL is the only one that I know of in my 20+ years of investing to have made that second mistake. This flew so low and had such a terrible outlook on the industry that it made those hedges. So low that worse, it let EVN, NST and SAR get away with absolutely cheap assets when Barrick, Newmont, Glencore etc. was in a firesale. A little late by 7 years with Tropicana maybe but this BOD is so risk averse that it is getting its wings wet...This needs to change it really does.