Hi GP - we are obviously at different points of view. I'm mostly guessing that there are some other issues under the surface - as always in mining - lol.
If they do go back to $190m profits I will be totally wrong, I am thinking profits might be about $50m for the next two years. There are some hints about grades not being as expected, chances of cost blowouts, both capital and revenue account, and wonder what will happen at McPhillamies with the current POG, and more constrained finances.
I'm not betting the farm, but have a sense that the sellers are not finished, and that the analysts may play catch up if further problems occur. RRL really didn't need those problems with grades.
Good luck - will not be hanging around if I am wrong - lol.
update on flooding, page-98
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Last
$1.60 |
Change
0.040(2.57%) |
Mkt cap ! $1.204B | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.58 | $3.898M | 2.444M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6378 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 57378 | 7 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |