Great mind thinks alike. My outstanding buy is same as yours. I am whinging at my current holdings bought in at $5 plus, still hoping to see the 5 infront.
Great mind thinks alike. My outstanding buy is same as yours. I am whinging at my current holdings bought in at $5 plus, still hoping to see the 5 infront.RRL not having any luck ( currently ) is fine by me
i currently have a buy order in @ $1.75 to add extra
unlike my previous picks , i am getting slightly bulky on this one
so probably won't be hoping for more than two buys this month
i expect the gold price to continue being suppressed , as they try to flush cash into Treasury Bonds( and prop up the currencies
it is very easy to look wise in hindsight but the potential profit is made jumping in at an attractive opportunity ,
RRL has bought itself a mid-term cash-flow , if the management is sound a reasonable outcome will follow ( for a while )
DYOR
It will be a couple of yrs wait to see the 5 again. Mean time trying to put a little extra into NST while putting DEG on hold till further good results. Good solid companies shld be able to maintain div payments while smaller companies may chose No Franking credits in order to pay a div to please shareholders.RRL didn't pop up on my radar until they bought that share of Tropicana , i held AGG ( 'free-carried' ) and IGO at the time ( have since exited IGO )
so while i am still in the red on them . i am not DEEP in the red
remember it is the buying power of the currency that is sliding , that $5 could easily return but what will be the price of a loaf of bread at that time
i am hoping they can pay some divs while other companies are facing difficult times ( as some undoubtedly will )
It will be a couple of yrs wait to see the 5 again. Mean time trying to put a little extra into NST while putting DEG on hold till further good results. Good solid companies shld be able to maintain div payments while smaller companies may chose No Franking credits in order to pay a div to please shareholders.
Well entered with those prices. Like your icon, Things to do today, Get up, Survive, Go Back to bed..A good Retired's life.bought some at $2.45 , some at $2.05 , and some at $1.99
but i really don't want a 'truckload of them '
so maybe two more buys will be plenty ( or a bit much )
I had shifted further back to 1.51 pre open, not that eager to catch this stock falling knife. Buying to dilute.got that parcel of RRL @ $1.73 so the day hasn't been a total bust
now to calculate a lower target price i suppose .. maybe in the $1.50 to $1.60 range ( i am still a little bit greedy ) and am bordering on PLENTY with the next buy ( if it happens )
Spot on.that 30% share of Tropicana should give it cash income , so in theory there should be a price floor ... unlike say KCN over the last 10 years
if RRL has enough cash coming in to fund the projects under development , only cost blowouts should really worry it
ultimately the RRL share price will depend on if they can keep on paying divs during this growth period , no divs and buyers will mostly be traders playing RRL as a defacto gold price bet
The problem is, so many companies are finding their capex estimates are way off.that 30% share of Tropicana should give it cash income , so in theory there should be a price floor ... unlike say KCN over the last 10 years
if RRL has enough cash coming in to fund the projects under development , only cost blowouts should really worry it
ultimately the RRL share price will depend on if they can keep on paying divs during this growth period , no divs and buyers will mostly be traders playing RRL as a defacto gold price bet
yes that is very true , this period should separate the well-run companies from the others (ALTHOUGH some big cashed up companies will use their credit facilities to buy extra cash-flow and reserves via swallowing smaller peers )The problem is, so many companies are finding their capex estimates are way off.
Inflation, transport (or lack thereof) issues, inability to find skilled workers, all the things that push up the engineering and implementation costs.
And if there are delays, it jusr compounds the issue, especially if the co's are relying on cash flow from depleting mines.
If you have a look at some of the recent big capex projects in OZ, very few of them come in on time and on budget.
The only saving grace might be big increases in the POG.
Mick
The problem is, so many companies are finding their capex estimates are way off.
Inflation, transport (or lack thereof) issues, inability to find skilled workers, all the things that push up the engineering and implementation costs.
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