Because management and board are not the gurus that everyone assumed they were. rRL have been overvalued for a long time. Should have raised capital a long time ago to shore up balance shyer. I suggested at the time that $$$ should be raised at the time of the water issue. Expect a cap raising soon. In 2012 RRL spent $150m purchasing Mc Phillamys which at the time I thought was very expensive due to low grade and mainly inferred resource with significant $$$ to spend to prove up. Now the quarterly states it is uneconomic at present gold prices and no further work UFN. Heads will roll? Doubt it.
Because management and board are not the gurus that everyone...
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 (20min delay)
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Last
$4.51 |
Change
0.085(1.92%) |
Mkt cap ! $3.412B | |||
| Open | High | Low | Value | Volume |
| $4.52 | $4.60 | $4.49 | $10.70M | 2.363M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 49134 | $4.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.51 | 29790 | 33 |
View Market Depth
| Last trade - 13.36pm 23/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |