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RSG Resolute Mining Limited

0.40 (1.49%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Resolute Mining Limited RSG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.40 1.49% 27.30 16:35:25
Open Price Low Price High Price Close Price Previous Close
27.40 27.40 28.80 27.30 26.90
more quote information »
Industry Sector

Resolute Mining RSG Dividends History

No dividends issued between 23 May 2014 and 23 May 2024

Top Dividend Posts

Top Posts
Posted at 21/5/2024 09:50 by odsjp
Should be generating buckets of cash at these gold prices

Net cash at 31/12 was $14M
Net cash at 31/03 was $34M, so $20M increase in first quarter.

That was based on 76T oz, selling for $1,950/oz (hedged price) with an AISC of 1,487

If we say Q2 will be 84T oz as plant fully running (not shutdown for planned maintenance) then this will be 160T oz in H1 and 185T oz in H2 (H2 weighted) for the low end of guidance.

So not only will AISC go down but more importantly the gold price is averaging around 2,300 oz for Q2 and we are now fully unhedged. At 1,950 we were making $20M cash, now another 350$ (pure profit per oz). So 84,000 x 350 is 30M, so for Q2 our cash balances should increase by around $50M!!! So in July update we could have net cash at around $84M.

If gold prices averages 2,300 for H2 then 185,000x350 = $65M + 2 x $20M for basic profit at $1,950 oz, so that would add another $100m net cash by year end.

That is $184M + I believe RSG are also still due A$50M (around $30m) from sale of Ravenswood which means net cash at year end could be over $200M.
Posted at 17/4/2024 10:08 by arja
RSG did bounce 2 cents in oz and tempting to buy buy at 22.74 as a discount to oz closing price . But the MALI situation is a concern and share price could suddenly plunge again even with gokd price recovering today
Posted at 30/8/2023 13:09 by arja
maybe and I can not now remember what my thinking was over a month ago . I did buy a few yesterday on UK market anticipating an upward move in OZ and disappointed it was only up a cent :) . Will still make a tiny profit if I sell today and gold price movement this afternoon will determine what I do ! Big volume stock in UK and all of 7 shares traded today - LOL ! RSG in OZ is in a very short term uptrend but it will never be a popular gold stock !
Posted at 13/4/2023 16:22 by arja
hard to figure markets at times as RSG hit 27.6 earlier when gold price was much lower and now at 26 and no reaction to gold price taking off and then off a little on profit taking ! :)
Posted at 13/4/2023 11:07 by arja
guess so and it was quite a decent one for a small market player :) . surprised me that some sold at 26 and 26.20 with auto trades after that as surely RSG in OZ will be up on friday although markets sometimes fool us ! Trying to re-enter at 25.6 but unlikely to be hit unless gold price suddenly tumbles :)
Posted at 13/4/2023 09:53 by arja
punters in RSG here must think the price in OZ will rise to 51 tomorrow and it looks like it will . I was about to raise my sell price on L2 ticket but was hit at 27.40 :) . might regret it tomorrow if gold price holds the current level by time aussie market opens !
Posted at 13/4/2023 09:04 by arja
Just looked at the chart and CORA looks to be heading for the 2.5 level it reached in 2019 . many aussie punters like the gold specs in hope of being in the 1 in a 100 which takes off and makes them heaps of money , but many eventually go under and the crooked directors then float another mining spec after a respectable period :) . No idea about Cora and whether it is in that category but I hate these MM stocks and RSg is also dominated by MMs and wide spread here in UK but highly liquid and big volume in OZ being lead market , eg , today and RSG closed in OZ at 25.90 and should be trading here ay close 26 with gold price moving higher since aussie close . Can still make money on it here but hard yakka if a trader :)
Posted at 06/4/2023 05:40 by the count of monte_cristo
OT anyone have any views of CORA? Got a gold mine ready to go, just awaiting funding, unloved and way off the radar. Yet, it gets cheaper by the day. Sp almost at all time lows. RSG also have there mine in Mali and seem to be doing well out of it.
Posted at 04/4/2023 15:44 by arja
with gold price spiking after OZ close , hoping RSG will react on aussie market on wednesday but it csn disappoint. Anyway , bought a modest parcel at 23.40 here today and looking for a profit tomorrow :)
Posted at 31/3/2023 08:58 by arja
pleasure , first time the bid has been above aussie closing price but RSG did break out to 42 today and seems it has more upside after years struggling :)

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