Well done Roka, im very much the same returns wise but hold a differing view
Remember, Goldman sachs said the party was over at 1.5... brokers are just another element of the noise facing every investor..
To say that RRL has no earnings growth is a remarkable statement considering the gold price and the AUS$ conversion..RRL are perfectly poised to reap the benefit of the pressured AUS$ and global chaos propping up gold
Confirming my thoughts that a production increase is now on the cards, it is also a fact that RRL can significantly increase resources with their low cost aquisitions and successful drill program
No rain events in the goldfields up until now either so Dec qtrly is likely to be business as usual + likely good news on resource and future production front
IMHO the chart is strong, always a chance of a pullback at these levels but i like RSI and OBV at the moment and don't pay a lot of attention to the 'trading' indicators
The dangers for RRL lurk in the fundamentals, not on the chart
Well done Roka, im very much the same returns wise but hold a...
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Last
$2.52 |
Change
0.000(0.00%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.50 | $4.809M | 1.905M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63260 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.52 | 48105 | 3 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
