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.
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.