The delay in releasing the quarterly report indicates something not so hot to be announced.
So the share price has fallen back to a new 52 week low.
If RRL are no longer the great while hope of the goldies (position taken over by NST) then RRL's share price has a fair way to fall. EVN is now capitalised at under $450m with around the same level of gold production as RRL, so there is a reasonable likelihood we will see RRL trading pretty close to $1 in the not too distant future.
I still do not see 30 cents happening, unless the AUD POG gets to around $950/ounce.
loki
Price, page-5
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Last
$2.53 |
Change
0.010(0.40%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.57 | $2.51 | $1.096M | 431.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 14847 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 12363 | 18 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
