Anybody have thoughts?
Good steady progress by the look of it. Another $20m of debt gone and now and cash & bullion increased by $3.7m Thus positive $23.7m generated for the Q and RRL is now net cash flow positive.
RRL will become completely debt free in the next Q based on guidance that Q1 will be very similar to Q4 and thus, will have a surplus cash position of c. $33.4m cash by the end of Q2 and NIL debt.
That should mean a dividend announcement with the end of financial year report after June.
Steady as she goes but I don't anticipate stellar SP performance from here given the massive rise off the $1.28 lows. Shorters likely to take comfort that there was no unanticipated upside surprise and should continue to slowly cover their positions without panicking.
Cheers
John
Anybody have thoughts? Good steady progress by the look of it....
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
