RRL 1.79% $1.92 regis resources limited

yawn

  1. 1,258 Posts.
    lightbulb Created with Sketch. 325
    Interesting.

    RRL with a market capitalization of ~$43M,
    announces an upgrade in its gold resources of 5-7 hundred
    thousand ounces and the market treats the news with a
    big yawn - the share price remaining static.

    If these ounces could be mined with a profit of as little
    as $100/oz it would mean a total profit of $50-70m or
    more than the current market capitalization of the company.

    Anyone any ideas on the reasons why? Is it because no one
    believes RRL will get around to actually producing?
 
watchlist Created with Sketch. Add RRL (ASX) to my watchlist
(20min delay)
Last
$1.92
Change
-0.035(1.79%)
Mkt cap ! $1.450B
Open High Low Value Volume
$1.91 $1.93 $1.89 $9.807M 5.138M

Buyers (Bids)

No. Vol. Price($)
2 57721 $1.92
 

Sellers (Offers)

Price($) Vol. No.
$1.92 49074 4
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
RRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.