Resolute Mining Share Discussion Threads

[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 .

[beckaroo] 14/10/2020 23:09

After September quarter the hedge through to end of 2021 is a total of 150,000 ounces. Some further hedging may have been done since the results in July but if it has it should have been at gold prices higher than the current gold price.

The problem is the 60,000 ounce hedge at about USD1630 per ounce for both the September And December quarters. Maybe once this has gone then the hedge won’t be classed as such a drag

[wassapper] 14/10/2020 18:01

Is it the amount of hedging they have? About 50% of production? Plus they have a lot of debt. Compare to HUM also in Mali which has virtually paid down its debt and no hedging with two new projects on the go. I'm interested in this but there's something not quite right.

But great drilling results agreed.

[avsome1968] 14/10/2020 17:58

I picked up another 10k toady bringing me to 48k now this should steadily rise fill gap in charts 70-75p short term , really good results why cant market see this.

[bubloo] 14/10/2020 07:58

great news on tabakoroni update and I understand some more good news coming from LOM on seam update. Investors have overlooked enormous potential here. I have picked some around 53 p and hoping this to gradually go back to around 80 p

[avsome1968] 09/10/2020 16:18

Yep got a good average here 54.50p gap going to get filled in chart 70p pretty quick

[doc_oj] 09/10/2020 15:25

started to move, 80-100p hopefully in the not so distant future

[mrwaterloo] 07/10/2020 08:05

There was a military coup in Mali where the company have one of 2 of their larger facilities.

Sanctions against Mali by local countries have just been lifted.

[doc_oj] 29/9/2020 15:54

took a small position - this seems quite undervalued, am i missing something?

[avsome1968] 28/9/2020 07:49

Back to normal then batteries recharged should see share price rise steadily.

[dickbush] 21/9/2020 08:59

Mali quiet, Wall St futures down, Dollar up. Gold drifting.

[bubloo] 17/9/2020 15:51

ALL worker are being paid. I suspect it is covid preventive measures causing the issue with few workers. I do not think rsg will allow the mine to stop. I have brought 10000 shares. great value here. I see close to 50 % uplift from here in the next few months if not earlier. any opinions very welcome

[avsome1968] 15/9/2020 19:23

Well added a few first thing, wise investment i think come next 12 months this should be treble digits if everything goes smoothly.

[dogwalker] 12/9/2020 10:10

The reason for calling the strike seems incomprehensible.

[someuwin] 09/9/2020 11:41

Sounds potentially quite serious.

"...Given the uncertainty of the impact of the strike and consequential actions that may be taken by the Company on production at Syama, Resolute withdraws production and cost guidance for the full year ending 31 December 2020."

[dickbush] 02/9/2020 09:06

arja

Latest infection numbers in Australia are double digits a day. The last 7 days suggest a similar daily rate. This is down from over 500/day four weeks ago.

[dogwalker] 01/9/2020 11:32

A sizeable buy, of 10 million, last thing in Australia this morning. Or so it appears.
Should continue to bode well, despite fretting over Mali if anyone still is.