I think there has also been a lack of good news after the Tropicana deal. Bad deal followed by a mediocre quarter and last quater was quite bad so everything going in the wrong direction, sp seemed to be heading up but got smoked by that last quarterly, the exploration news was promising but nothing concrete. Really need to come out with a guidance update with a positive spin or announce a buyback. I think ASIC rules are max 10% of available shares so I think that would be max buy back 70 mil this fiscal year. Wouldn't break the bank and I think share holders would tale it even if it knocks a few cents off the divi in March. I think a buyback of anything under 70 mil would be pointless and not achieve anything.
RRL Price at posting:
$1.80 Sentiment: Hold Disclosure: Held
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