Resolute Mining Share Discussion Threads

[brasso3] 19/2/2020 15:19

Thanks for highlighting this Matt. Looks like it has slipped under the radar of many.

[mattjos] 19/2/2020 15:01

I am assuming the ASX listing 'leads' and the UK listing 'follows' in terms of determining the price. Certainly has much higher trading volumes in Aus.

AUD$1.10 was oversubscribed placing price & the ASX price show it has been keenly bought on days it has fallen to/below that level since December.

At current exchange rates that is circa 57.5p --> 58p so, I am expecting decent support to persist at that level here in the UK.
Buying today within a penny of that level and with Gold now 3% higher than it was when the placing occurred seems half decent entry point to me & there should not be any need for further equity issuance from here onwards

[mattjos] 19/2/2020 13:15

welcome aboard Celeritas. This seems to be very cheap at present & I can't see why particularly, other than it has slipped below the radar after the last 6 months downtrend.
Given the size of the resources and the production profile, I cant see why this should stay so cheap with gold now very clearly in a new bull market.
We still have over 50% of production unhedged so, plenty of leverage to the upside

[celeritas] 19/2/2020 13:01

Resolute Mining CEO discusses new hybrid power station at its Syama Gold Project

[celeritas] 19/2/2020 12:52

Joined you Matt, been watching this for a few months now, surely it's ready to move now.

[mattjos] 19/2/2020 09:46

Have had a small starter position here this morning. Seems to unduly ignored right now.

[spectoacc] 03/2/2020 08:14

Gold strong, RSG weak - seems to be a feature. Getting fed up of it.

[arja] 24/1/2020 12:45

down 3 cents again in OZ to 117 cents and chartwise it is probably heading back to
106 support sadly . Seems to have shoddy management .

[sammu] 21/1/2020 08:43

I don't mind that we've been excluded, quite used to being excluded from fund raises.
We've been able to buy around the placing price for a few months anyway.
Yes hopefully better times once done.

[the deacon] 21/1/2020 08:02

I think the continued hedging was a sin that the balance sheet needed to be strengthened. I view this as a positive, as RSG will look much more attractive once this is all done and dusted

[spectoacc] 21/1/2020 07:58

They'll have been talking to all the major shareholders so agree it's what's been holding it back. But does make me wonder what would have happened if gold had dropped $100 rather than risen $100 - been a lot of forward sales to raise cash, on top of this fundraise.

$1,360 rather than $1,560 might have been a problem.

[sammu] 21/1/2020 07:51

Probably what has been holding the shares back, so maybe the market thought it was obvious. I had not idea it was coming.
Didn't they say they would refinance.

[dogwalker] 21/1/2020 07:36

A fair point.

[the deacon] 21/1/2020 07:35

Was obvious to see this coming.Agree though, not acceptable for UK shareholders to be excluded.

[spectoacc] 21/1/2020 07:33

Raising equity to cover expensive debt - fine. A shareholder option that UK holders are excluded from - less fine. 2nd class shareholders.

[someuwin] 17/1/2020 13:29

Peeps starting to cotton on now.

[bubloo] 17/1/2020 13:10

thx paleje

[spectoacc] 17/1/2020 10:07

I think it's a bargain with gold where it is, but I would say that.

[paleje] 17/1/2020 09:31

bubloo, they issue their tips online Thursday pm ahead of magazine edition on Friday.

Looks like set up for a better year ahead, pog permitting.

[someuwin] 17/1/2020 08:34

So, looking at today's 2020 guidance...

"-- FY20 production guidance set at 500,000oz at an AISC of US$980/oz comprising 260,000oz at US$960/oz from Syama, 160,000oz at US$800/oz from Mako and 80,000oz at US$1,200/oz from Ravenswood"

Even without Ravenswood (which they've sold for $100m plus potential $200m additional), they're still on for 420,000oz production this year.

Surely a good buy at these levels?

[bubloo] 17/1/2020 07:04

paleje how did you know it was going to be the tip of ic yesterday itself. very interesting

[spectoacc] 16/1/2020 20:09

Thanks @paleje. Have to say it's been a decidedly slow-burner so far.

[paleje] 16/1/2020 19:41

IC tip of the week tonight online.