Resolute Mining Share Discussion Threads

[bamboo2] 26/2/2020 23:40

Matt, the Victor Sperandeo trend change is confirmed with an eod close above 67.44
Bought a few today, as price hit recent historical support.

The bull flag on $gold has an upbreak tp of 1750
Concurrently, the confirmed INVH&S has a tp 1736

[celeritas] 26/2/2020 22:51

Ssshhh Matt.

[mattjos] 26/2/2020 18:50

Resolute own 27% of Loncor Resources (TSX:LN) ... this has more than doubled its mkt cap in the last month.Loncor' s JV partner (Barrick) are drilling on Ngayu this month and next.

[74tom] 26/2/2020 12:36

The price has been volatile because of the A$1.10 placing, closing of short positions on the ASX set against the rocketing price of gold.

Today is a fantastic entry point IMO, I’ve been keeping an eye on the short position which was down to 6.6% as of 20th Feb. I’d bet that another chunk was closed on the ASX today with 17m volume. The shorts have until the placing shares hit the market on 3rd to close. After this if gold stays where it is there is literally no reason why this won’t re-rate by a minimum of 20%.

[mattjos] 26/2/2020 10:27

the SPP has come up with A$23.3m out of a max A$25m so, pretty well taken up by existing investors in Aus & NZ.

[mattjos] 26/2/2020 10:22

from a TA standpoint, this looks like a brief re-test of the breakout point on the chart, circa 57.5p - 58p which is not uncommon & I would expect it to move higher from here in coming days

The equity raise was carried out 21st Jan when pog was around $1,550 but, it would have been planned for some before as it was fully underwritten.

No way did the company or its advisers have reason to believe gold would be anywhere near these sort of prices when the raising was planned.

[celeritas] 26/2/2020 10:08

You just have to buy the fear. Look at the price of gold and then work out what gold miners do.

[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?