There is a great presentation (slides) on the companies web site. Worth a gander. |
Hi guys,
Just having a look at this.
When does the Syama Sulphide Conversion Project come online. |
35p top up if it gets to 35p |
free stock charts from uk.advfn.com |
Hum getting cheaper by the day. down 20% today |
Did I mention Gold futures are up???? Along with the daily new record in Gold prices? |
Something I posted on the other site.
Either its SRB or one of the many other hot Gold/Silver miners (which I'd suggest you should be holding) its plenty of dosh coming down the pipeline over the foreseeable future. All the stars are aligned for gold and not just the Fed lowering interest rates. Everybody and his dog are building Gold reserves; the South Americans, Türkiye big time, India with import duty cuts and rising middle class with cash, along with anyone with two Rupes to rub together. Russia and China trying to change the world order with Gold reserves. Saudi becoming big time buyers (on the quiet). ETF funds reversing their Gold selling mode to very active buyers......did I leave something out???? ....Possibly everyone else stuffing their mattresses for some personal security. |
We shall see trader enjoy the weekend. |
Year to date up 56%, “the” seller only exists in your head |
Was huge volume in oz 175m traded, when seller finished this should fly going to be raking it in looking forward to next quarter results. |
This should be pushing well into the 40/s definitely been a seller in the back ground for months now cant have too much firepower left surly. |
In my mind I am not looking to do anything with this until it gets to 80p - then I will have to consider the cup and handle complete - if gold accelerates then the pattern could complete very quickly or at least earlier than what I was looking at which was midsummer 2025 |
I posted this on the other board....Most of the Gold miners that have an actual revenue and product to sell are having great share price increases such as SRB and PAF; compounded by the record price of Gold. Gold going up with the drop in interest rates, general political uncertainty, and massive central bank buying. China may well have published that they were not buyers over the last few months, but that doesn't necessarily mean they are not, the complete opposite may well be true as other numbers have indicated in the past showing large purchases not recorded. Anyway onwards and upward for RSG. |
Paid prices per OZ Resources for African Gold Mines:
2021 - 26$ oz
2022 - 41$ oz
2023 - 53$ oz
2024 - 124$ oz |
Pasofino Gold up 15% today |
RSG has more than enough finance to buy HUM but it's more likely to be interested in Pasofino which is up for sale, would add 200,000 oz production at AISC $1,000 once developed and is in Liberia which recently had a peaceful transfer of power. |
My small purchase yesterday not looking so bad today - particularly as I added a few more when the price dropped.So is there any real likelihood they might bid for HUM? While their finance deal looks handy I think they would need a load more to get HUM. Even just Kouroussa would be a mouthful. |
 SP Angel Broker today:-Resolute Mining (RSG LN) 32p, Mkt Cap £720m Loan facility for growth opportunitiesResolute announces today it has signed a senior debt facility of up to $140m with Nedbank and Citibank.The loan facilities will provide up to $60m in funding immediately, with the option to increase this by $80m via an Accordion Facility.Resolute states the 'primary purpose of the Facility is to provide increased flexibility to continue to explore organic and inorganic growth opportunities.'Resolute entered a net cash position this year, holding $143m in cash and bullion as of June 2024.As regards organic growth opportunities, Resolute's Syama Phase 1 expansion and Mako LOM are self-funded.Conclusion: We will be interested hear an update from Resolute's Mansala Prospect in Guinea, where they expect to deliver an initial MRE this quarter. The Company currently assumes 100kozpa production from Guinea over the long term, suggesting confidence on the asset's development potential. As regards inorganic growth opportunities, we suspect Resolute may be keen to diversify their asset base outside of Mali, despite their successful operating track record in country, potentially consolidating their asset base in Guinea. |
Well, that wasn't best timing. |
Well how do you know I’m posting here unless you are peeping at my posts in the hope of learning something? |
I should have added: trader456 is filtered, of course. |
Looks like I'm the only buyer so far today.This seems a fairly quiet board, and all the better for that. |
What are they planning to do with all the cash?
“With the new financing facility Resolute's liquidity will increase to over USD 200 million” |
Nothing wrong with those results will be topping up first thing in the morning, could se a divi in the next 12 months. |
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