Resolute Mining Share Discussion Threads

[joey52] 15/7/2024 17:16

Think results are August 20th

[avsome1968] 15/7/2024 17:11

Nice buying into the close, gold up again 2433.46 results cant be too far away.

[cowie19] 08/7/2024 13:05

Shares performing very nicely again today - lots to come here.

[someuwin] 08/7/2024 07:39

Up 4.6% on ASX

[someuwin] 05/7/2024 20:54

I got ADVFN to correct the number of shares in issue in their data. So the market cap is now showing correctly.

[avsome1968] 05/7/2024 10:09

Took another 17k this morning good position here now, time to sit on my hands for the time being and lets look were we are in 6-9 months time.

[someuwin] 05/7/2024 08:17

Yes, very good interview. This is a fantastic recovery / growth story now as shown by the bowl forming on the long term chart.

[cowie19] 04/7/2024 20:41

Nice watch / listen - thanks trader465.

[trader465] 04/7/2024 20:09

Resolute Mining (LSE:RSG) - Gold Turnaround Reaches Inflection Point

[trader465] 04/7/2024 13:59

Wake me at 100p

[cowie19] 04/7/2024 13:56

above 30.3 looks very positive.

[stacey68] 28/6/2024 12:05

Added more and accumulating a nice position here.

[avsome1968] 27/6/2024 07:10

Trader hedge didn't finish till march so my calculations are a tad different.

30k a month mined.
9x30= = 270,000oz
so $130m by year end still pretty good though trader.

[trader465] 21/6/2024 10:37

Simple beer mat calc….

$110 off AISC and average gold up $300 on last year is a total of $410 per oz gain on 350,000oz over last year or $143m by year end 24

[someuwin] 21/6/2024 08:32

Great bowl forming on the long term chart. Very bullish indicator.

[cowie19] 20/6/2024 16:24

Another top up today, metal prices perky, RSG chart looks great

[cowie19] 06/6/2024 20:17

Topped up another 10k shares at 29p this morning. My only surprise is that these are not already in the 30s, just a matter of time I think.

[avsome1968] 28/5/2024 18:03

Be well over 30p by the end of the year.

[avsome1968] 28/5/2024 18:02

Chair Transition and Appointment of Non-Executive Director



Martin Botha to retire as Chair and Non-Executive Director on 31st August 2024 as Andrew Wray appointed as Non-Executive Director




Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to announce the appointment of Andrew Wray as a Non-Executive Director of the Company. Following Mr Botha's retirement, Mr Wray will succeed as Chair of the Board of Directors of Resolute.

Mr Wray is a seasoned mining executive with extensive executive and Board level experience in Africa. Mr Wray has held positions at both CEO and CFO level, as well as having substantial banking and finance experience advising companies in the mining and other sectors. He has led successful business turnarounds with responsible project development, built leadership teams, and executed corporate acquisitions as well as asset sales.

Mr Wray, the former CFO of one of Africa's largest gold producers - Acacia Mining, was most recently CEO of West African focused gold miner Golden Star Resources. Prior to this Mr Wray was CEO of the specialist mining investment company La Mancha.

Before entering the mining industry, Mr Wray spent 14 years at JP Morgan Cazenove, where he worked with a number of UK listed mining companies. He has had non-executive director roles at Evolution Mining and Golden Star, and currently Chairs Vedra Metals, a joint venture involving Appian Capital Advisory, a specialist mining focused private equity group

[cowie19] 28/5/2024 15:53

Roll on 30p dealings getting closer today. This can go much higher.

[cowie19] 22/5/2024 01:53

Moving nicely in Oz. .55 trading.

[odsjp] 21/5/2024 09:50

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.

[cowie19] 20/5/2024 12:12

Nice positive few days here.