In reflection it is interesting. It just shows how important the right people are in execution or strategy. In think that RRL had proved they were good and operational execution but probably their growth strategy was lacking - They had bet the barn on Mcphillamys when in fact they should have probably additionally seeded some smaller gold company's with early results. Clearly when the wheels fell off they lacked any growth excitement and then bought out IGO ( IGO while expensive is good asset ) and required no hedging as we already had a bucket load.
I think we are now at the point when the market says we just thrown out the baby with the bathwater.
Anyway for what its worth I bought 10 K shares today to add to my others.
RRL Price at posting:
$1.95 Sentiment: Buy Disclosure: Held
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