just trying to be humorous, usually people pump up stocks;@qldfrog - Sorry mate. I don't speak English or Australian but I do understand four letters word as in 'pump' but using three times did not constitute any sentence.
As M'm Pauline Hanson aka Fish and Chips Lady, says ' PLEASE EXPLAIN" !
Thanks @qldfrog - see you have to spend so many words to explain one wordjust trying to be humorous, usually people pump up stocks;
here it is pump pump pump the water as per Shaddock :https://www.aktv.co.uk/aaaa
a bit of french culture,had trouble to find an english version, but the shadocks spend their life pumping...
btw: this extract in link funny in the covid context as it is a 1970s series...
But I have no insider informaion on RRL, just happen to own none just now but had some a couple of months ago...
and I understand how bad a joke is if you have to google 10 minutes and draw a 3 chapters post to explain it ..Frog in shame....Thanks @qldfrog - see you have to spend so many words to explain one word.
I understand better now and BW, I do not hold RRL either .
All good here mate
Lets see how Monday comes for all of us .
Have a nice weekend
Frog is a delicacy in France. Nothing to feel bad about.and I understand how bad a joke is if you have to google 10 minutes and draw a 3 chapters post to explain it ..Frog in shame....
May be time for @divs4ever to catch some toads todayI didn't think today's announcement was too bad considering. A shift down in fy22 group guidance of 40kozs - that could've been worse from my imaginings. ASIC across the whole group, including the unaffected Tropicana, expected to be A$1,500 at the high end in fy22 - can live with that. However growth capital (165m) and Exploration (45m) expected to lift cost to $1710/oz. A permanent loss of 18,500 ozs of high grade 2.6g/t gold from the bottom of the now defunct Rosemont main pit. The onerous hedging will still drag on sales income of course. I didn't buy but was teensily tempted - much better ops out there imo.
BtL update was put out on Saturday so does not address today's announcement.
Too late for me, grabbed some at $2.10 last week. And as usual some SHTF news is released.I usually buy the day before a loose motion hits the fan and the company goes into a halt. In RRL's case I put in a conditional buy order last night - so saved by the bell.
OMG! Another massive RED n Down Day..Need to Triple check n Think Twice before dipping into the whirlpool today.Too late for me, grabbed some at $2.10 last week. And as usual some SHTF news is released.
Oh well at least the gold is still there and there was no loss of life, just delay in extracting it. Might be a blessing too , as gold price may have doubled in 6 months time when they get it running again lol....
Looks like will have to average down more if Regis goes down to $1 again
POG seems to be still holding strong despite everything else crashing on wallstreet. Perhaps the flood of capital out of crypto and stock is going right into gold. Thanks partly to Russians too.
The market is giving us to buy more with another blood bath on Wall yesterday. Tested RRL at 1.85 yesterday but only to see it has gone further south even if POG could go north.Too late for me, grabbed some at $2.10 last week. And as usual some SHTF news is released.
Oh well at least the gold is still there and there was no loss of life, just delay in extracting it. Might be a blessing too , as gold price may have doubled in 6 months time when they get it running again lol....
Looks like will have to average down more if Regis goes down to $1 again
POG seems to be still holding strong despite everything else crashing on wallstreet. Perhaps the flood of capital out of crypto and stock is going right into gold. Thanks partly to Russians too.
i did today , but RRL wasn't one that was caught ( although calling MND might be a bit harsh )
Hope you bought some at 1.85. RRL closed above my lowest purchase price of $2.1. Looking very bullish for gold now that it seems to have broken through the $2kUSD level. Geopolitical risks, risk of a new gold backed digital currency from China/Russia/Brazil emerging markets heavyweights, hyperinflation in USA etc, looks extremely bullish. Its like 1970s all over again, with the cuban missile crisis and stagflation. I am calling $2.5kUSD for gold in a couple months time and likely back to $4-$5 for Regis.The market is giving us to buy more with another blood bath on Wall yesterday. Tested RRL at 1.85 yesterday but only to see it has gone further south even if POG could go north.
It is the strength of the stock that unfortunately RRL does not give to the market IMO.
But who knows if everyone is becoming red, there need to be some green pastures, and could POG would show that Greenland?
I am a very small RRL holder since yesterday arvo.
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YesHope you bought some at 1.85. RRL closed above my lowest purchase price of $2.1. Looking very bullish for gold now that it seems to have broken through the $2kUSD level. Geopolitical risks, risk of a new gold backed digital currency from China/Russia/Brazil emerging markets heavyweights, hyperinflation in USA etc, looks extremely bullish. Its like 1970s all over again, with the cuban missile crisis and stagflation. I am calling $2.5kUSD for gold in a couple months time and likely back to $4-$5 for Regis.
Will be loading up more on the way up.
Maintain my negative sentiment on the company but the chat looks good chance of currently basing and ending downtrend. Momentum has been signalling positive for some time, higher low made and a higher high looking likely.
Weekly
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Thanks for your contrarian view, I still think they have one of the better balance sheets out there should interest rates rise dramatically.Folks oughta be looking at diversifying their gold stocks imo, not concentrating, particularly in the case of RRL which in my opinion has been a poorly managed goldie in recent times:
The way out of the money large hedge
The protracted McPhillamys approval process which has clouded the company's future.
McPhillamys will cost a mint to develop but what do they do? ..
.. The pathetic and desperate Tropicana purchase which diluted the shares at a deeply low price and emptied their cash stash. Stopped paying a divvy. Management's often don't get hurt by dilution b/c they just f'g award themselves more options and performance shares.
Once again a water caused wall failure at Duketon. $20m profit buried for ever at the bottom of that Rosemont pit. Rising capital costs at Duketon.
RRL's shareprice has underperformed all the other producers.
I hold and my sentiment at this price is now hold fwiw but there are other miners to diversify with.
Forrest had Barrenjoey’s equities desk seeking the shares, offering $1.48 a share which was a 13.8 per cent premium to the last close. Forrest’s Wyloo Consolidated Investments was named as the buyer in terms sent to fund managers.
there's a report that Andrew Forrest has put in a bid for a 15 per cent stake in gold miner Regis Resources worth $168 million in an aftermarket raid on Thursday.
Wyloo is already sitting on 4.9 per cent of Regis Resources’ shares on issue
Twiggy has so much money - just does not know how to spend them.I don't know enough about this stock, but I don't think it's into RE. What is Forrest doing popping up on a gold stock register? Does it own a wind farm near by?
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