Australian Stock Report - Share Tips
ASX Gold Shares to Watch: Regis Resources Limited (RRL)
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Publish date: Tue, 20 Sep 2011, 03:54 PM
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Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
Regis Resources Limited (ASX:RRL) is an emerging Australian gold production and exploration company.
Its management team has a successful track record of developing mid sized gold operations within Australia and Africa.
It has been one of the hot shares in the past year, having more than tripled in price since July 2010.
Today, RRL reported a maiden FY12 net profit of $36.3 million. The result compares to a net loss of $18.3 million in FY11.
The group posted gold sales of $107.9 million as it successfully transitioned from explorer to producer.
RRL said the development of the Garden Well Gold Project will take its output to around 350,000 ounces in FY12/13.
Therefore it will be one of the shares to watch.
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