Thanks for the information Nordesmic
Seems to be an interesting stock, I have been looking for a gold stock to put some money into. I don't expect gold to go up significantly in the near future but it will eventually.
I think the dollar might play out in this stocks favor as the DXY index is going up. If we see the AUS come down a bit all the more profit for RRL.
Interesting you say the PE is around 8 as this tells me there's lack of confidence in the stock, hopefully we will get some good news coming through which might lift confidence levels. Current quarter cash in hand was $24,175,000 not including gold held.
For now with low dept and a company that's actually making money, I'll start to accumulate on the dips and hold, Also if it starts to form a trend upwards past your ceiling level it may also be a time to buy in, you never know with this one.
Cheers 5Riven
RRL Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
(20min delay)
