RRL - Regis Resources

[Hal2000]

Boggo
Agreed.
RRL is one of the star performers over the last 4-5 years .
One of the problems for Regis in 2006-7 was that under the old management they had a huge tenement holding.
The company burnt too much capital, had too many shares out there, eventually did a share split, and suffered from lack of punter confidence in 2007-8.
Shares dropped after the share split to as low as 13c if I recall correctly.
Picked up 350,000 in early 2008 and sat for three years and then sold.
Fundamentals were always good.
Legacy issues often retard the presumed inevitable positive outcome based on fundamentals.
I always plan on PFS as the stage to do a detailed study for targeted investment.
There are a few very good very cheap companies out there right now.
If the price is right and all the fundamentals line up it’s well worth the extra wait with a well-managed company holding a resources with good numbers at the RIGHT time.
Take a good look at “IDC”.
All the boxes are ticked.
They have had a stroke of excellent good fortune thanks to the WFC.
Now sitting on + 2 million oz with 800,000 odd thousand better than 4.5 g/t, open cut.
Probably rapidly getting to BFS through PFS.
THE company to watch from about June 2012 in my humble view.
Not holding yet.

 

[Dinipants]

Some good announcements lately, but unsurprisingly taking a big beating with the falling gold price. Could be good value though

 

[DocK]

Any speculation on the reason for the trading halt? Cap raising? Takeover action?

 

[pixel]

Any speculation on the reason for the trading halt? Cap raising?

Doesn't sound like it, The reason given is

pending the release of an announcement by the Company regarding a Corporate and Operating update.

But the Market seems puzzled and concerned. IAP down 14c ... which can of course change quickly.
We'll have to wait for the announcement, I guess...

 

[DocK]

Thanks Pixel - I had read the announcement, but was unaware of what a Corporate and Operating update generally was Not one I've come across often and I thought the corporate action could possibly be a takeover offer. I own some of these and have been poised to sell with the recent weakness in the stock compared to other goldies (seems some may have been in know before the halt???) - guess I'll just have to wait and see, as you say.

 

[skc]

Doesn't sound like it, The reason given is


But the Market seems puzzled and concerned. IAP down 14c ... which can of course change quickly.
We'll have to wait for the announcement, I guess...

Merrill moved them to neutral today citing

we are concerned that Dec Q production may not be strong enough to enable delivery of
FY13 production guidance.

We believe consensus production and earnings are too high for FY13. As we
were already 5% below the low end of production guidance, after revising our
forecasts we are now 10% under. We suspect post production and earnings
adjustments, the market is likely to revise both production and earnings lower.

 

[skc]

Hmmm

Merrill this morning

We have lowered our estimate of Dec Q garden Well production to 50koz (from
63koz) and while it is not impossible for 2H production to offset this, we feel FY13
guidance (220-240koz) is now a stretched target and as such the company is at
risk of missing.

RRL this afternoon

Gold production from the Garden Well operation is expected to be in the order of 50,000 – 55,000 ounces in the December 2012 quarter. Gold production guidance for Garden Well for the second half (January - June 2013) remains unchanged at 130,000 – 140,000 ounces.

 

[mr. jeff]

RRL daily


An incredible sell down with a big volume rise near the end signalling a probably finale. Whether there is a strong rebound is questionable - there have been plenty of opinions suggesting a sideways pattern for many of the gold stocks for the next while before it becomes clear where the POG is heading.

 

[sjp2]

any whispers about Regis ,maybe they have run out of gold at Garden Well.

 

[Buckfont]

any whispers about Regis ,maybe they have run out of gold at Garden Well.

A comment like that belongs on the RED thread. RRL management as far as I can see is one of the best teams in the industry and don't come out with wild speculative announcements just to appease the curious and head scratchers.

They I suggest are waiting to confirm the problems that the weather has brought to the area ( the reason for the initial trading halt), rather than racing out to give useless two bit information that is based not on fact.

The fact that there is a shortfall of 7269 oz in the Sept qtr at Garden Well, would by no means to me require a TH or suspension, and if they have run out of gold we'll all just have to wait for the next quarterly or the honesty from Regis management beforehand. I'll take the latter to clear things up.

As the Geordies say ' trooble at mull. '

 

[BullandPull]

It is cheap at the moment because of a drop due to temporary flooding in its mines, however even given the flooding first quarter figures were not negative. It is a gold miner and gold prices are high and expected to remain so. Gold over time increases without fault. They have recently finished repairs and safety measures to prevent any other flooding, so perfect time to buy at a bargain with a low P/E!

DISCLAIMER: Don't just invest on my word, check for yourself of course.

 

[tech/a]

Under the radar!
Chart tonight.

 

[tech/a]

My technical view of RRL.

Click to Expand.

 

[Faramir]

Hi tech/a

I'm looking for close resistance to be smashed

Fri 20th July, control volume is stock brought to go long? If those stocks won't sell, are they called control volume because it provides good support. Since 20/Jul, It has been bouncing up and down towards the Close Resistance.

The last bar has larger volume than the previous 4 weeks. Does that means they are getting ready for a big jump?

PS: I am trying to understand the chart and I think tech/a is right. I can't tell if it will be tomorrow or next week? I think it will go through the resistance barrier. Still not willing to put any real money on my hunch. I am reluctant to buy miners. This is just a good exercise for me.]
Thank you tech/a for providing this.

 

[qldfrog]

very quickly: it is 4:30Am, i believe I saw a title suggesting EEL might look for some extra capital..do your own research I do not want to start false rumour..anyone can confirm?
This would obviously smash any TA on the stock short term
I currently do not own RRL

 

[qldfrog]

very quickly: it is 4:30Am, i believe I saw a title suggesting EEL might look for some extra capital..do your own research I do not want to start false rumour..anyone can confirm?
This would obviously smash any TA on the stock short term
I currently do not own RRL

could not find anything after a quick search this evening
mea culpa...
still not owing

 

[piggybank]

Obviously not a favourite here. However for those who bought into the stock around this time last year would be up at least 200%.

 

[jjbinks]

Retesting making new highs
Looks it could go fair bit higher if it consolidates and then breaks through?

 

[Miner]

With no specific news RRL alone has gone down so much compare to its peers today?
Any suggestion?
What charts say ?

 

[Boggo]

With no specific news RRL alone has gone down so much compare to its peers today?
Any suggestion?
What charts say ?

I prefer weekly charts but midweek the daily gives an insight to what may be coming.
In the case of RRL looking at Vol Price Analysis on the daily then yesterdays bar is an upthrust bar (consider open, close, range and volume) which is a sign of weakness.

I personally tend to ignore this until it starts to impact on the weekly chart but it is a prompt to re-check position of stops etc.

Just my , I need @tech/a to check and comment on this one.