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RRL - Regis Resources

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close to $1 ( for RRL ) will surely test the shareholder's patience ( but that is NO WAY saying it can't happen )

my first NST buy was in February 2013 @ 87 cents AND it had one mine in production at the time

and EVN the first parcel in March 2015 @ 74.5 cents and a gold producer as well

so some gold producers create some crazy opportunities

i also hold OGC but remain very luke-warm at current prices ( but i don't usually time my buying in OGC well either , so don't consider me a crack player on this one )


SLR i can never get the number to look attractive to me

i have recently had a nibble at AIS ( as mostly a copper play to back up the OZL holding ) although AIS recently bought a working gold mine from EVN, i suspect copper will be the main income in the mid-term

DYOR

now i avoid SVL mainly on the basis it is not currently shipping ore , but since it looks to be a big complex resource , watch out a BIG player takes ( part or complete ) interest in it ( nice if you get eaten up in profit but there is no guarantee of that )
 
for OGC my av. SP is $2.845 ,

not panic time for me but definitely not in profit either

IMO should be doing better considering recent gold prices
 
@Sean K..I had put myself on DEG STOP. Holding a big parcel n today's sp is unimpressive. Never the less, looking for a better things to come.
 
Hi guys I am currently a painful holder of RRL, big batch @4 then smaller batches at 3.6 then 2.6. I averaged ~$3.50 at the moment.

Didnt get in at $1.70 levels as I wasnt sure if it would just keep falling like a rock from poor sentiment in the gold space and how long this bearishness would last.

Whilst I dont usually depend on technicals for investing, I was thinking looking at this years chart, notwithstanding the recent bounce and todays run, would it be better to wait till a proper rebound is confirmed (i am thinking past the previous $2.10levels?)

I am quite confident we be back at $6 if everything falls into place next year fundamentally (gold price rebounds / Mcphillamys approved/ expiry of hedging at 1600AUD?) which looks more likely than not given covid restrictions easing and FED seemingly going to be very late to hike rates causing real interest rates to spike hard.
 
Sounds like a very wise thought bluekelah given you hold already, if you wanted to add to your holding perhaps it would be prudent to wait until the price rose above the 200dsma and stayed there for a bit. After all, there is the old saying, "averaging down gives you below average results!"
 
Will join you at 1.50 but afraid this farm gate has open. Golden goose started to waddle to the gate, will the wings fully open and flapping to the hill? Let's wait and see.
 
maybe , but someone still has to convince the masses the confetti is worth something , so the gold price will be suppressed . for as long as possible , while those suppression tactics are in place , there is always a chance ( on top of any company stumbles)
 
Thanks for the feedback, a trader mate of mine just told me the chart is looking very bullish now with a reversal on large volume and even got him interested! lol he usually trades crypto and other stuff with charts only and does well too.

I have had mixed experience with averaging down, its given me some above average results (depending how you quantify average). I find that it depends how hard the fall is and how big the subsequent turnaround / rebound is, this is usually linked to market sentiment and in the case of RRL more spot price based as miners are after all leveraged plays on spot price.

Gold was flattish on friday night after our market closed so I expect that the price spike could just be some of that triple or quadruple witching effect where funds shorting are forced to close their positions and traders go home for christmas week and new years.

My macro expectation is for markets to further sell off from increasingly fast fed taper next few months and some European countries just announced covid lockdowns again. This will mean short term gold follows down as well as what happened in march last year, nothing was spared.
 
Share price took a big hit in 2021, too big in my opinion! One of my four selections to do well in 2022, expecting the market to realise the true value of the Tropicana investment with an increase in gold production and dividends.
 
Like you i was a heavy investor in RRL cos I am a goldie fan.
But earlier in the year I took my losses .
Like so many other OZ producers, their costs keep going up,, someything I don't see changing.
Any co that is embarking on Capex will find their ca[ex estimates/budgets are out of the money.
But I hope you prove me wrong.
Mick
 
Wedgy said:
Share price took a big hit in 2021, too big in my opinion! One of my four selections to do well in 2022, expecting the market to realise the true value of the Tropicana investment with an increase in gold production and dividends.
Click to expand...
Good to see you here n Happy New Year to you. Hope you are right on their Tropicana Investment so far it's been like a Tropical cyclone to me. Disaster share price, did try to do a runner out of the cyclone whirlpool without much luck.
 

Hopefully there is a rush to gold as inflation takes hold. Gold will probably be flat or trend down this year though as fed is tightening and markets may correct hard. But who knows, maybe central banks will start scramble for gold again soon...

miners are leveraged plays on the ore prices, so really at the end of the day, Regis share price depends on gold price, which will likely make another gap up like it did at the end of 2019 eventually with money suppy increased so much in the past couple years. In the mean time, its one of the few gold miners that actually doesnt have too much debt and very generous dividend payout. Just a matter of getting paid to wait at the moment.
 
yep just as I expected, markets are now only starting to react to fed. Thought they would react badly last december when powell said he was gonna speed up tapering. Looks like it takes another confirmation in the new fed meeting to make sure all the crypto and tech share speculators start running for the hills. Looks like its gonna be a 10-15% downside for gold until we hit a recession or some geo-political tensions like we had in late 2019 with US-IRAN and there is a real and proper flight to safety.
 
well i have some cash reserves ( no it's not a billion ) but if i can more than double it on a 'bounce ' like i did with APE in 2020 , it would be a nice help

good luck

i have RRL in the yearly comp. ( along with EVN ) because i am hoping to buy more cheap , this year

but have orders in currently for RMS , RND , EVN and GOR
 
DJ is Red. Will our market follow, wait n see. I will enter RRL at 1.50 or lower.
 
With gold down and silver in free fall,you might be able to get your order filled today
 
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