GREY:RNKLF - Post by User
Post by
arh0070on Mar 26, 2020 8:38am
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Post# 30848402
Results
ResultsGood results from RNX ,14.4million $ EBITA in last quarter .Project that going forward it would be around 58 million ,Australian dollar is low, gold currently at an all time high in Aussie dollar terms which will help with production costs .Trading around 3 times EBITA for this coming year which is reasonably cheap .It was a good buy at 25 cents and even better at 20 cents .Cash is king right now .They will be able to pay for debt and start buying back shares with all this cash flow .Price of Nickel is down so doubt anything will happen with Dumont anytime soon .If they can manage some kind of mutually advantageous deal on the Beta Hunt gold royalty with Maverix that would be the icing on the cake .