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RSG Resolute Mining Limited

27.40
-0.80 (-2.84%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Resolute Mining Limited LSE:RSG London Ordinary Share AU000000RSG6 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -2.84% 27.40 27.00 27.80 27.40 26.00 27.00 1,660,343 16:23:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 631.07M 65.58M 0.0308 16.88 1.11B
Resolute Mining Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker RSG. The last closing price for Resolute Mining was 28.20p. Over the last year, Resolute Mining shares have traded in a share price range of 15.50p to 30.80p.

Resolute Mining currently has 2,129,050,013 shares in issue. The market capitalisation of Resolute Mining is £1.11 billion. Resolute Mining has a price to earnings ratio (PE ratio) of 16.88.

Resolute Mining Share Discussion Threads

Showing 226 to 248 of 575 messages
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DateSubjectAuthorDiscuss
19/2/2020
15:19
Thanks for highlighting this Matt. Looks like it has slipped under the radar of many.
brasso3
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

mattjos
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.
celeritas
19/2/2020
09:46
Have had a small starter position here this morning. Seems to unduly ignored right now.
mattjos
03/2/2020
08:14
Gold strong, RSG weak - seems to be a feature. Getting fed up of it.
spectoacc
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 .

arja
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.

sammu
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
the deacon
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.

spectoacc
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.

sammu
21/1/2020
07:36
A fair point.
dogwalker
21/1/2020
07:35
Was obvious to see this coming.Agree though, not acceptable for UK shareholders to be excluded.
the deacon
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.
spectoacc
17/1/2020
13:29
Peeps starting to cotton on now.
someuwin
17/1/2020
13:10
thx paleje
bubloo
17/1/2020
10:07
I think it's a bargain with gold where it is, but I would say that.
spectoacc
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.

paleje
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?

someuwin
17/1/2020
07:04
paleje how did you know it was going to be the tip of ic yesterday itself. very interesting
bubloo
16/1/2020
20:09
Thanks @paleje. Have to say it's been a decidedly slow-burner so far.
spectoacc
16/1/2020
19:41
IC tip of the week tonight online.
paleje
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