Hi Grandmaster
I just can not see this stock going to $2. Regardless what the director thinks.
I personally think gold is heading down towards $700 to $900 in the next year ot two.
If this stock is trading where it is now, while gold is around $1250, then imagine where it will be if gold reaches those levels i mentioned.
You will see RRL trading closer or below my oringal 30c target. Gold mining companies now are only just breaking even, with the gold price at $1250.
Imagine what will happen if gold continues to fall. You are going to see a lot of them go out bust, especially the small caps. Cheers.
Price, page-4
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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 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
