Correlation, page-8

  1. 3,000 Posts.
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    The preliminary quarterly figures released by RRL on Friday weren't great.

    I really like it long term but it is a bit over valued now given its recent run and underwhelming production. Consequently I sold my short term holding on Friday.

    Although RRL will soon have no debt, the cash position isn't strong enough to pursue corporate opportunities (unless offering script). They need a growth project as the existing mines only have limited production upside in my opinion.
 
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