Australian (ASX) Stock Market Forum

RRL - Regis Resources

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Rabbithop said:
Today will either be Exciting or a Nervy Trading Day. Gold price have been very unsteady for a few months. Hit 1800 and it's not sticky enough to stay up there.
Click to expand...
With inflation reading at 7percent in usa side, looks very bullish for gold so long market doesn't just suddenly crash.

Might pickup more Regis soon , especially if it rebounds past the 2.10 levels.
 
Rabbithop said:
An expert mentioned it will be $2.50.
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It will be back at 6 if gold goes back to last highs. But that will probably take some time. I am just waiting for at least a technical bounce past the roughly 2.10 levels and also 50 or 200 day MA, which would be a stronger indicator that selling is done and we have a firmer rebound in place. Before committing anymore fiat dollars to this stock :)
 
seems like gold is starting a big rebound with fed tapering and rate rises expected to only hit 1 or 1.5% , way below inflation rates of 7% and possibly to 10% in time to come as money supply is increasing fast and supply continues to have bottlenecks at US ports.

Regis rebounded 6% today on a couple percent rise in gold prices back to $2.10. I will be buying more now that the technical indicators and the fundamental indicators both looking pretty good!
 
I just posted something on gold and RRL more particularly. Not sure how to link to another post but maybe this will do it?

Gold Price - Where is it heading?

So one of the issues in the gold and silver markets, particularly now, or rather specifically now post Basel III is the split between the physical OTC market and the COMEX futures market. The OTC market is opaque and difficult to get a read on. It is however crucial because the historical...
www.aussiestockforums.com www.aussiestockforums.com
 
This company's getting into the Dacian (DCN) club.
Reminds of the value of diversification within a sector not just across sectors.

Screenshot_20220121-094539_OneDrive.jpg
 
No mate but this has happened before - and at the Rosemont pit too (see linked article)
thewest.com.au

Regis dives on production issues

Shares in Regis Resources were punished after the gold miner flagged production problems at its mines.
thewest.com.au thewest.com.au
I tend to be a bit of an alarmist. We don't know yet how big the wall slip is (if it is a slip - they say 'geotechnical incident lol) or whether it will interfere with the below ground operation. From my limited experience a wall failure, if that's what it is, can take a lengthy while to fix, e,g Northern Star at the super pit. They cant just tidy it up, it needs to satisfy safety standards.
Effect on profitability will at least be muted by its other two mines and the 30% of Tropicana (when Tropicana gets back to full speed that is)
The Rosemont slip in March 2015 closely preceded the major low in the stock price. In June it hit $1 and June/July 2015 turned out to be a great time to buy!

big (75).gif
 
^^^
So that's flooding not pit wall failure and two mines hit: Rosemont and Garden Well.
Heavy rainfall and flooding can destablize walls though, so let's see how that pans out.
Don't expect to regain full production until second half cal 2022, so months and we don't know yet how many months.
They've got ROM stockpile to process from but article doesn't state how many months worth.
Suggests to me that S.P will take a heavy hit; if so, might be worth a punt but full of uncertainties and not just from this event.

Stock Held

From article:
“However, Regis is well placed both financially and operationally to manage its way through the interim operations period and get the entire Duketon Gold project back to a strong steady state in the second half of this calendar year.”
 
Ann said:

Regis Resources suspends operations as mines flood​


www.australianmining.com.au

Regis Resources suspends operations as mines flood

Regis Resources has suspended open cut mining following heavy rains flooding its Duketon operations.
www.australianmining.com.au www.australianmining.com.au
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OMG well there you go, 2014! Nothing like a bit of old news.

Now I think any other news may pale into insignificance!

While I am here you may as well see the video of that flood...


 

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