Resolute Mining Share Discussion Threads

[richardly] 10/2/2021 19:03

No posts! Anyone any further info on why this disaster of companies share price has been hit so badly (compared to others)?

[doc_oj] 17/1/2021 11:38

Not pleased but staying put. Hopefully this is the bottom!

[avsome1968] 15/1/2021 18:50

AISC cost up pretty flat update just hope gold rockets this year.

[ohisay] 15/1/2021 14:34

Mali site is an ongoing disaster.

[avsome1968] 17/12/2020 23:22

Hmmmm news maybe sinking in ?

[doc_oj] 15/12/2020 08:13

this share absolutely baffles me, they strike a deal to sell one of their mines for almost a quarter of their current market cap and the share price remains almost at it's weakest point for the year!?

[avsome1968] 27/11/2020 09:04

Don't agree gold will bounce any day now, not sure what chart your looking at maybe turn it the right way round.

[arja] 26/11/2020 21:54

chart for RSG in OZ shows a turnaround and might have further to go . Gold off a touch since OZ close and I doubt it will move higher on friday in OZ . Sentiment never good for this stock sadly

[avsome1968] 26/11/2020 17:04

someone cumulating in 5k buys hmmmmmm time to top up gold ready to bounce get these 50% discount.

[avsome1968] 25/11/2020 12:27

Topped up knocked my average down a tad 49p gold will rally next year.

[avsome1968] 25/11/2020 08:10

Doc

Totally agree with you i bought around 55p very disappointed that we are where we are now, but nothing has changed, gold still reasonably high cant see too much more downturn looking to add anytime time to average down, stock market looking over inflated again, gold will turn a corner and start motoring back up next year for sure.

[doc_oj] 24/11/2020 23:21

Share price now is not much higher than the flash covid crash in march with gold about $300 an ounce lower at the time. Completely beyond me why the constant weakness when it already seemed low enough, continue to hold but shame unable to average down as no funds.

[arja] 06/11/2020 16:25

it was up today in OZ on back of a big move in gold prioe and should add a few more cents on monday in OZ if gold holds the current $1950 level . So might see almost 50p here on monday - maybe famous last words ! So illiquid here and RSPs will not offer a price between the spread - I use CFD .

[ntv] 05/11/2020 21:00

This appears to be run by a bunch of goons who don't seem to have a clue
Poor financing deals , poor hedging and causing a strike by trying to save a few grand in costs.
A decent management could vastly improve the performance here and maybe push the share price to where it should be
That debt should have been paid down in a year
$700 x 430,000 = $300m

[vacendak] 28/10/2020 11:40

UIL Ltd, which owns a big chunk of Resolute has issued its AR



Page 8 mentions past problems at Resolute and the "rescue" package from UIL Ltd.

[doc_oj] 26/10/2020 09:42

Got some more just now with a medium to long term view

[sammu] 26/10/2020 08:40

There have been lots of issues here holding this back, but all are surmountable or have passed:
Issues with the processing plant
Strike
Covid procedures
Mali Coup
CEO - new
Hedging (high hedging in the current quarter, as part of 30% of 18mth forecast production)
Debt
Even considering all of the above it seems incredible that the share price is below where it was trading August 2018 when the gold price was below $1200.

[ceaserxzy] 23/10/2020 22:41

There is no surprise in the sacking of the ceo. To preside over a more than 50% share price reduction in a raging bull market of gold price increasing from about $1200/ounce to over $2000/ounce at one time, is remarkable. Getting the hedging so wrong is also showing very bad judgement. Do wonder why the finance director got the temporary promotion as surely he is also largely responsible for the hedge of gold sales.

[arja] 23/10/2020 21:08

Sadly I think you are dreaming as only a mickey mouse market for RSG in the UK with oz being lead market with big volume . Sometimes UK punters try to anticipate next move in OZ but getting it wrong lately . OZ chart shows a clear downtrend but only down 2.5 cents in OZ today and why I closed my short position at 84.5 and it is a friday , I very rarely short stocks but could not resist this one . More downside to come but nothing goes down in a straight line. A rise in price of gold might not help RSG much as I think they hedge a lot of their production . I might be wrong about that. nice weekend all

[avsome1968] 22/10/2020 09:31

Cant see gold dropping short term only see it rising over the next 6 months, 400k serious amount of gold produced in one term, only have to see $100-200 rise in gold 48p will become a memory.

[spooky] 22/10/2020 09:02

Yes today's statement wasn't great and the departure of the CEO was a signpost for that, but assuming nothing bizarre happens to the gold price i do wonder if this will be the low. Newsflow going forward should begin to improve as production increases, the hedge declines, debt falls.

[doc_oj] 22/10/2020 08:55

agree underwhelming but it is because of the poor quarter and that was the reason the share price was down - overdone IMO

[avsome1968] 22/10/2020 08:49

Considering strike action, not too bad cost are up a bot but it will be rectified next update top up on weakness this will be a £1 next 6-12 months.

[ohisay] 22/10/2020 08:34

Very underwhelming results today.Best watched I think .