The list of tier 1 assets RRL could have acquired over the years with its strong cashflow is staggering...
- Cowal
- Jundee- Carose Dam- Thunderbox- KOTH- SuperPit- NorsemanI'm probably forgetting a few... When those opportunities presented itself, RRL was too much in its comfort zone to do anything about it. In business you can't have that mindframe. A large part of business is taking on opportunities when it presents itself. The other mid-tiers have grown their production ounces via the boardroom over the years. RRL never touched this lever until recently.
I did add more today too. Let's see what the next 3 years will bring. If we can get McPhils going within that timeframe great. Another operational asset in North America would be nice as a currency diversifier. But hey Rome was not built in a day; and per-tropicana, at least RRL is taking steps to the M&A growth of the business they sorely lacked over the years. Expensive as it is, I'll even call that acquisition turning over a new leaf for the better...
Under valued, page-590
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