I actually see it differently. I see Australian dollar staying weak in 2022 as global growth stumbles. Providing a bit of a tailwind. Inflation in Aus still reading at about 3 percent so not too bad compared to rest of the world. I filled up for 1.45 yesterday so petrol not getting out of control. African players I guess still have to worry about US dollar. Might be higher cost as well so could be more dynamic if price goes up. Starting to see a few spits and spurts of a cycle into value.. let’s see if that eventuates. If RRL can fix staffing issues I am expecting a big quarter.. No excuses. If they miss this quater then I will reevaluate. My first price target is about 2.30. That will be my break even after that want to see strong move above 2.40. IMO DYOR.
RRL Price at posting:
$1.90 Sentiment: Hold Disclosure: Held
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