Resolute Mining Share Discussion Threads

[mattjos] 26/2/2020 10:01

have carried on buying this morning. No way the company had anticipated gold at these sort of prices .. this is mana from heaven for this company right now.
I don't believe many have even registered the recent equity raise and the big reduction in debt as a consequence.
We can pay off that remaining debt in next to no time this year with gold as these prices.
This looks like a gift to me

[mikeh30] 26/2/2020 08:14

Especially when a £600m cap company acts like a penny share

[spectoacc] 26/2/2020 08:12

Still finding RSG infuriating.

[homebrewruss] 26/2/2020 08:09

odd drop on very little volume, has someone done a negotiated trade for that 3080 at 55.66?

[mattjos] 26/2/2020 00:06

Latest company presentation (26/2/20 BMO Global Metals & Mining Conference) here:

[mattjos] 25/2/2020 12:12

Snap .. added at 62p

[celeritas] 25/2/2020 11:47

Took a little advantage of this pullback.
This is another anomaly like pog, which is doing something about it, I'm sure rsg will do much the same.

[mattjos] 24/2/2020 19:46

Cannot fault the IR at Resolute … This morning received a quick, detailed and friendly reply to an email i sent last night querying the hedge currently in place.

FYI, all here:

Our latest hedge book for FY20 at today’s date, taking into account most recent hedging is as follows:

• Total 165koz
• AUD: 80koz at A$1,843 to June 2020
o Feb to June koz per month: 10/15/15/20/20
• USD: 85koz at US$1,526 to December 2020
o 5koz per month Feb to June at US$1,520
o 10koz July to December at US$1,528

Wish all companies were similarly responsive to PI enquiries

[homebrewruss] 24/2/2020 12:23

Zak Mir has also posted an RSG trendline break today:

[nimbo1] 24/2/2020 10:07

joining you here alongside my gdxj

[spectoacc] 24/2/2020 07:58

Gold gangbusters yet again.

[spectoacc] 23/2/2020 13:15

I guess every click must be worth something? Gets posted, regularly, on every ADVFN thread, but is garbage.

[livewireplus] 23/2/2020 12:13

Indeed Mr.PeterSh. I wish I had your energy of keep posting under various names over the weekend... I haven't opened the link ... can you please give a shortform review of what the content is?

[someuwin] 21/2/2020 20:47

Cheers MJ - I'll update the header over the weekend.

[mattjos] 21/2/2020 20:38

somwuwin .. you might want to put this in the thread header:



The main listing is Australia & Hot Copper forum is a bit like ADVFN .. that is the RSG thread.
You need a login to read all the posts but, it is free and easy to join and use.

There seem to be some good posters there who have done the maths (+ the inevitable stale bulls and general idiots).

Personally, I am struggling to see why this should not return to £1.50+ from here

[mattjos] 21/2/2020 20:18

From Stockopedia today:

[celeritas] 21/2/2020 16:45

Ravenswood is being sold for $207m to reduce debt, would leave circa $60m US
Resolute has been going through a bit of churn with new holders from the Toro acquisition, I'm sure with gold over $1600 that churn will end.

[celeritas] 21/2/2020 16:32

Leonard, that was to fund Toro gold.

Targets within the permit include the identification of potential ore shoots beneath the pit, extensions to the north east of the pit, and the Kerekonko area south of the Gambia River where multiple soil anomalies have been identified. Outside the Mako Gold Mine mining concession, Resolute controls over 485km2 of prospective exploration ground within a 30km radius, either directly or through joint ventures with Senegalese partners.

[le0nard] 21/2/2020 15:38

They did do £103 million equity raise in January to pay of a chunk of that debt