It's always great when directors puts their money (and a large chunk of that) in the game.
This gives me the confidence that they will do what is best for the company and its share price in the long haul.
I only have 150k myself. Dividends, buybacks and even the possibility of a takeover gives rrl plenty of upside. if they use their hedge at 1437/oz, assuming margin at $400/oz and 300k production, that's $120m. Less capex ($20m), dividend at 10 cents ($45m), and buyback at avg price $1.4 ($35m) they still would have $20m left over. Not to mention they have about $70m of cash at hand.
Gold is up last night, we should see $1.35 Monday imo.
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Last
$2.52 |
Change
0.000(0.00%) |
Mkt cap ! $1.473B |
Open | High | Low | Value | Volume |
$2.54 | $2.55 | $2.51 | $2.616M | 1.034M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
58 | 77034 | $2.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.53 | 47308 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13580 | 5.400 |
6 | 81080 | 5.390 |
10 | 155033 | 5.380 |
10 | 111218 | 5.370 |
2 | 19337 | 5.360 |
Price($) | Vol. | No. |
---|---|---|
5.410 | 33582 | 4 |
5.420 | 206580 | 18 |
5.430 | 104617 | 15 |
5.440 | 34745 | 6 |
5.450 | 31559 | 6 |
Last trade - 15.20pm 03/12/2024 (20 minute delay) ? |
RRL (ASX) Chart |