RRL fell 9% on Friday despite record cash flow and earnings on stronger gold prices. The issue was soft FY26 guidance, including lower production and higher costs, a bad combination. However, further washout style selling should deliver attractive risk/reward buying, with gold poised to trade above $US3,500.
- I believe the risk/reward towards RRL is attractive into fresh August lows, but we’re keeping stops tight.
Trade Idea: Buy Regis Resources (RRL) at $3.91 with stops at $3.67 – 6% risk
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