Resolute Mining Share Discussion Threads

[charlie9038] 14/4/2021 07:41

It will be a back handed in a brown envelope

[livewireplus] 14/4/2021 07:26

So within 7 days they need to provide a comprehensive report to Ghanaian Minerals Commission along with detailed plan for development of mine......... someone's going to be busy for the next few days.

[livewireplus] 14/4/2021 07:22

So it looks like your question has been answered by todays Bibiani RNS ....

[1nf3rn0] 14/4/2021 07:19

Bibiani lease restored but sale put on hold pending approval from Ghanaian government

[jon4567] 13/4/2021 11:42

Any idea what's behind the rise?

[charlie9038] 13/4/2021 11:38

This will do well today ;)

[vacendak] 31/3/2021 16:25

Technically it is "only" one mine, so the body of the business may have lost an arm, but it still has two legs to stand.

[arja] 31/3/2021 16:10

quite good news announcement today I think and it turned around in OZ and UK punters expect an uptick in OZ on thursday it seems . Gold price up over $20 since 6am today when OZ market closed . I might even try a day trade in RSG tonight if I can stay awake until midnight !!

[dogwalker] 30/3/2021 19:29

Actually, I'm now thinking there's an opportunity here - to buy! Not sure just how significant the current issue is , other than that the local government has agreed to become embroiled , & therefore implicated. Were the Chinese really ever going to pay $100 million for the mine?
The company is fully able to pay down its debt without that sale money. Its prospects elsewhere are excellent. Any compensation from Ghana for the expropriation that's happening/happened will be a bonus.

[arja] 30/3/2021 19:13

yes, i agree and it was odd that not suspended in UK . I tried to short it with a CFD but IG markets would not allow RSG to shorted . with gold down another $25 since aussie market closed , I might try a short tonight if I am not too tired at midnight !

[dogwalker] 30/3/2021 15:03

The circumstances when I thought there was a reasonable level of trading here was when the OZ market in these shares was suspended.
Yes , we'll all do our own 'research' with regard to the company & what's happened to its mine in Ghana & there's been plenty of opportunity to sell, at least where the shares have not been suspended.

[arja] 30/3/2021 13:41

trading levels are irrelevant in this dual listed stock as OZ is main market and where most of volume is. Down again in OZ on tuesday and weaker gold prioe not helping . Chart suggests it has much further to fall unless a good news announcement changes the bearish mood . Sarkcosy is right and best to grit one's teeth and exit as preservation of capital is paramount . Sorry to say this and DYOR of course

[dogwalker] 26/3/2021 14:14

Reasonable level of trading today considering the circumstances. Including one or two decent-sized purchases - bravo.

[sarkcosy] 25/3/2021 18:49

Sorry dogwalker if I had known I would have done but as I don't hold any stock in this I don't keep a close eye. But what I am saying is that I don't imagine this will end well and better to take what money is left and put it to work asap in something with less political risk. Trouble is at the moment mining stocks are not doing well which is somewhat counter-intuitive given the massive money printing going on all over. My guess is that things will start to perk up after Easter so maybe this is a good moment to pick up cheap stock and put your money back to work. Good luck anyway...i will watch this space.

[dogwalker] 25/3/2021 17:35

Shame you didn't post your insightful advice 2 days ago , isn't it, really?
As it is ....

[sarkcosy] 25/3/2021 17:02

I am staying....key is to be working with the right local people then these bad things generally won't happen.

[dogwalker] 25/3/2021 16:12

When are you leaving Ghana yourself then Sarkcosy?

[sarkcosy] 25/3/2021 14:24

Lads
I work in the mining space in Ghana. If I were you I would take your losses like men asap and put the money to work making money somewhere else....don"t hang about hoping something will turn up because it probably won't in my view and if it does it may well be even worse than it is now. I have no shares and no interest in this stock but I do have some insight.

[sarkcosy] 25/3/2021 14:23

Lads
I work in the mining space in Ghana. If I were you I would take your losses like men asap and put the money to work making money somewhere else....don"t hang about hoping something will turn up because it probably won't in my view and if it does it may well be even worse than it is now. I have no shares and no interest in this stock but I do have some insight.

[arja] 25/3/2021 07:39

it did and hammered in oz to close at 46.5 ( 25.8p )

[arja] 24/3/2021 19:23

when did bad news come out as the share price did not tumble in OZ ? must have been after 5am UK time I guess .

[kooba] 24/3/2021 10:57

Looks like the Chinese have found a cheaper way of securing the asset..this is why buying mining stocks in countries where corruption is rife is problematic.

[theprovosts] 24/3/2021 09:32

So, on 15th Dec 2020, RSG indicate they are going to sell the mine for $100m. Share price goes up 0.02%. On 24th March, they say they no longer own the mine, share price goes down 25%, gotta love Mr Market sometimes.

[74tom] 24/3/2021 09:15

Yup, they need the $105m to repay debt...