Basically, the March quarter made about $15m lower in profit and March quater is still profitable. The presentation suggest they have controlled the problem with expecting 15 March month generating good cash. Gold is still at AUD1500/oz and RRL is on track to achieve the guideline. The delay $20m debt payment suggests a dividend to be paid or M&A. We can't justify why RRL lost 40% market cap on this Q3 problem.
Basically, the March quarter made about $15m lower in profit and...
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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 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
