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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Resolute Mining Limited | RSG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.30 | -5.83% | 21.00 | 08:05:22 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 21.00 | 21.00 | 21.00 | 22.30 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 18/11/2024 21:53 by farrugia i would be surprised if RSG doesn't try to diversify away from Mali. There is no reason for them to put more money there when they are easy prey for the junta. In one clean sweep they've extracted 160 million from them - how many years of profits does that amount to!!? And it is disappointing how RSG management rolled over; they haven't even tried to resist what amounts to ransom requests. |
Posted at 18/11/2024 21:50 by oilinvestoral PAF has over 100 million in net debt Their Barberton mine has an AISC $1777/OzThey are in South Africa which is just as bad as any other African country! Yet their EV is 50% higher than RSG! Make it make sense! |
Posted at 18/11/2024 20:59 by oilinvestoral PAF produces less gold (225k Oz for 2025 at roughly the same AISC and are valued at £600 million (nearly 40% higher than RSG)! |
Posted at 18/11/2024 20:03 by oilinvestoral "Surprised it is still at ?400m mka"-----I'm very surprised it's not much much higher !Let's take a look at similar London listed gold producers and see what they are trading at !HOC produces roughly the same "gold equivalent ounces" as RSG . Their market cap? £1.1 BILLION!!Centamin Egypt going through a takeover situation producer 450-500k oz / annum! At the top end RSG produces 27% less than CEY! Their takeout price £1.63 billion ! If you equate the gold production level with RSG , you get £1.19 Billion for RSG! There are many more examples ! On a simple EV/ oz of gold produced, RSG is way too cheap! Now just to be clear , I'm not expecting RSG to be valued the same as peers due to recent geopolitical risks but to be valued at a 60% discount is ludicrous! |
Posted at 18/11/2024 13:34 by robizm Of course they will have to pay tax on top. They done the same with Kodal lithium miner. Gave a few million to take their share up to 35%. I could understand if RSG where raking in huge profits but they only just started to and were getting out of debt but not all the cash and more earmarked for this. Without high gold prices we would be under 10p |
Posted at 18/11/2024 12:04 by farrugia pwhite they say it clearly in the rns'The signing of the Protocol sets the framework for further detailed discussions with the Government regarding the long-term future of the operations in Mali, including migration of the Company's assets in Mali to the 2023 Mining Code and maintaining the safety of the Company's employees.' the 2023 mining code means: The military junta which took over in 2020 is insisting mining companies conform to their new 2023 Mining Code requiring the government to hold up to 35% of each mining project. MY WORRY IS WHETHER RSG WOULD HAVE TO PAY INCOME TAX ON PROFITS ON TOP OF ALL THIS !! |
Posted at 18/11/2024 10:50 by pwhite73 Farrugia - "on top of giving 35% to the Malian government does RSG have to pay corporate taxes on its profits?"Where have you got the 35% from. The RNS states the whole agreement is currently under negotiation. |
Posted at 18/11/2024 09:04 by farrugia 'Those terms and conditions are still far more generous than in most countries.'are they?? The licensing terms for Canadian gold miners can vary significantly depending on the jurisdiction (each province or territory has its own regulations), the size and scope of the mining operation, and specific agreements negotiated between mining companies and the government. However, there are general structures commonly used in the industry: 1. Royalty Rates Ad Valorem Royalties: Provinces may impose royalties based on the gross value of the minerals extracted. Rates typically range from 1% to 5% of the revenue. Profit-Based Royalties: Some jurisdictions use profit-based systems, where royalties are calculated as a percentage (e.g., 5% to 15%) of the mining operation's net profits after expenses. 2. Corporate Taxes Mining companies are subject to corporate income tax at the federal and provincial levels, which can total around 25% to 30% depending on the province. on top of giving 35% to the Malian government does RSG have to pay corporate taxes on its profits? |
Posted at 18/11/2024 08:10 by pwhite73 RSG were probably handing brown envelopes to the previous administration allowing them to avoid paying taxes. The military coop took place because of the level of corruption that was going on. $160m in back taxes is nothing to Resolute when you consider the size and profitability of their operations in Mali. |
Posted at 21/8/2024 16:17 by odsjp Not only that - It will get another A$20M from Ravenswood in Q3 with a further potential A$150M if Ravenswood gets sold.RSG currently has a market cap of £760M but $100M cash so EV of less than £700M, HOCH by comparison has a market cap of £1B and £250M net debt, so an EV of £1.2B. HOCH only produces 300T GEO so less than RSG. So RSG does seem cheap. It is also fully unhedged as well as plans to increase production and lower AISC further. Only downside is that it is in Africa rather than South America. Personally rather than pay a dividend, would like to see it grow its cash balance during H2. It was only fully unhedged from Q2 so expect cash to grow to around $175M by EOY as has some capital expenditure planned for H2 otherwise would be more. Rather than a divi going forward, would buying out the basket case that is HUM make sense. Currently has a market cap of £62M but some $200M in debt and is trying to get to 200K oz per year. Both operate in same/similar countries depending on mine (Mali/Guinea/Senegal and Liberia) so would extend geography, economies of scale and immediately get us upto 500K oz with an immediate growth plan to 700K |
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