Nice work RRL.
It shows that when a gold miner delivers operationally (efficient production with good cost control) there is plenty of margin in the current POG environment.
Various miners SP's were priced for liquidation back in Nov-14. Those that have delivered (NST, MLX, EVN) have already had their EV's appreciate - as other companies have sorted their operations out they too have been re-rated (e.g. SBM).
Now it is RRL's turn. Good news.
I timed my re-entry well ... in large part thanks to Nordesmic, so thanks mate for sharing your research notes
Cheers
John
Nice work RRL. It shows that when a gold miner delivers...
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$2.54 |
Change
0.015(0.60%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.51 | $2.271M | 898.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 32 | 47426 | $2.53 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 66215 | 37 |
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