RRL 0.40% $2.53 regis resources limited

Video Chart Update - RRL, page-4

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    The correlation broke down last week though because NST was up 16% for the week and RRL down 2% despite gold's strongest week in some time. The difference I see is that NST has a good growth story to tell the market. More reserves extends mine lives and pushes up the share price.

    RRL's story lacks medium term growth in production. When Regis performed at its best 2010-2012 there was always a growth story (coupled with strong execution). This is what attracted the institutional money and allowed the share price to move up when others struggled. The good thing is that the core management quality still exists, the company just needs to convey a good story again. Steady as she goes can't last too long.
 
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