A few points: - RRL was a company valued for perfection before...

A few points:

- RRL was a company valued for perfection before the gold bust. Then it had the operational problems, particularly at Garden Well which is the largest operation. NST and EVN (sort of) are coming at the market as new kids on the block. The market doesn't usually like turnaround stories, 'Turnarounds seldom turn' - Buffett.
- One of Regis' strengths has always been a focus on shareholder return. It comes straight from the top since directors and management hold more stock than just about any other gold stock of this size. They will continue to push dividends and shareholder return and I expect this will gradually attract investors in the same way it did in 2010-2012.
- Next resistance after $2.20 is at $3 I think.
- I doubt Regis will buy back any shares. There are better options for deploying or returning capital. The exploration results being delivered are really positive and I think could really help push up the stock given there is probably some concern around the mine life at Moolart Well. The threat of a buy back actually has the same effect because all the shorters have to cover their positions. It's really interesting to look at what the average entry price for shorters is and how far under water they are. I'm guessing the majority of shorters are in at about $1.50 here and it has the potential from really get away from them (still 4.5% short).