Resolute Mining Share Discussion Threads

[plat hunter] 09/3/2022 09:53

I'd be careful with Colin Bird companies if I was you

[the count of monte_cristo] 07/3/2022 02:30

Thanks for the reply. I don't think there will be a quick resolution to this war so be careful with POLY, I was luckily enough to buy at 750 and sell at 800p the other day, then I got out and will stay out now. If you are looking for a good copper play take a look at XTR and GLR.

I will revisit HUM.

Ted Oakley Interview Series 2022 - Pierre Lassonde - February 23, 2022

[wskill] 06/3/2022 11:38

Morning again I did have Fres and Poly as my main holdings with RSG, GPM, HUM and SHG but with HUM so cheap I have built up a decent position there now as my largest holding.
Did own HOC for some time and did well from it looking to buy again I am waiting for a down day missed the last one.

Still holding Poly and bought a few more to average down in the hope that this Ukraine
invasion is settled in the near future.

Gold miners are crazy cheap at the moment this is madness with stagflation on the horizon.

[the count of monte_cristo] 06/3/2022 11:17

Couldn't agree more! The Aussies actually have mines and a lot of experienced people and knowledgeable people work in the industry, the UK has just a handful of mines and Europe in general is anti-mining. I hope that Europe starts to re-think this terrible strategy, especially with what we are now seeing in Russia and China, and that we start to open more mines. I don't actually live in Europe:)) But dislike the anti-mining stance because we need mines for everything to build the green future.

May I ask, what other gold stocks do you like? Are you only in producers or do you like exploration plays, too?

I would actually like to focus more on pure silver mining stocks, but there really aren't any on the LSE, apart from HOC and FRES. Then you have companies like UFO and ADT1 and MILA.

[wskill] 06/3/2022 07:06

Count what does help more in my book is the main listing is in Aus and they are much
Better at valuations of miners than the UK ,the aisc is a little higher than I would like but with the rising gold price it matters little.
Borrowing should be payed down when the cash is received for the deferred payments agreed in the recent sale of the two mines which will help reduce debt close to zero.

[the count of monte_cristo] 04/3/2022 14:10

Luckily the hedge is only at around the 50% level and at a much higher price, quite a few goldies have got themselves into big trouble or even gone under due to poor hedging policies. Good that they have 50% upside on the price here, this is probably one reason why we are seeing a muted rise even though the gold price is moving forward as they don't have full exposure to these higher prices and the higher prices that are to come, in my opinion.

Seems to be under the radar, which is strange for such a large capped gold stock on AIM.

[wskill] 04/3/2022 11:32

They do hedge to protect earnings to pay borrowings I suppose , if they had a crystal ball things would be different,But with staged payments to be received for sold mines think last payment to be collected is 2024 this will no longer be required in future years.

[the count of monte_cristo] 04/3/2022 11:12

Hope they won't hedge anymore:)

[wskill] 04/3/2022 10:51

Yes Count this extended mine life will enhance value here along with the gold price which is partly hedged around $1800 for 168k ounces for 2022 around 50% of production.

[the count of monte_cristo] 04/3/2022 09:28

At these prices I am wondering if a bid might come in this year, could propel a medium sized gold producer to a major producer.

[the count of monte_cristo] 04/3/2022 08:55

Todays updates seem solid.

[the count of monte_cristo] 01/3/2022 11:01

Gold moving.

[the count of monte_cristo] 28/2/2022 09:43

PoG could be about to breach 2,000 USD. I can't see these troubles ending soon, unfortunately.

[livewireplus] 25/2/2022 09:26

Gold price is at 1 year high so let's see what happens next.

[the count of monte_cristo] 25/2/2022 08:45

It will move and run once the gold price starts really moving, I'm happy to wait. I remember over a decade ago when PoG when on it's run and the bombed out gold miners and explorers went up substantially. Happy to just sit tight and patiently wait.

[livewireplus] 25/2/2022 08:36

Unfurtunately it doesn't look like the turn is this week (assuming you meant turn upwards) ....

[the count of monte_cristo] 24/2/2022 13:20

Just a matter of time before this one turns, IMHO.

[wskill] 24/2/2022 09:09

Bought a few today anyway with a higher price of gold it should help here.
Been trying since Monday with limit orders finally filled this morning

[wskill] 22/2/2022 16:55

Cant get my head round the sale of Ravenswood for a bag of beans though poor corporate governance to put it mildly.

[the count of monte_cristo] 22/2/2022 10:47

Maybe all the bad news is priced into the results? Or the bad news won't actually be that bad.

[wskill] 22/2/2022 09:26

Results on 24th must be really bad for these falls ,But I agree with the way gold should be heading probably a decent time to buy a high cost producer.

[the count of monte_cristo] 22/2/2022 01:28

A bombed out highly leveraged gold stock at the very bottom of the cycle and at all time lows....going into a world where gold is going to shine. Seems like a one way bet now:)

[the count of monte_cristo] 18/2/2022 01:29

I missed this RNS yesterday.



Tabakoroni Resource Increases 40%


Highlights
· Global Measured and Indicated Mineral Resource Estimate updated to 9.2 million tonnes at 4.4 g/t for 1.3 million ounces of gold a 40% increase over the previous estimate

· The gold deposit remains open along strike and down dip

· Studies to optimise the development of the resource continue

· Tabakoroni reserves to be updated in the annual Reserves and Resources statement

[livewireplus] 17/2/2022 09:44

The seller of 6,000 chunks of stock is still unloading ....

[the count of monte_cristo] 17/2/2022 09:32

It's wanting to go higher now, think we may have seen the bottom. This was 80p back in August 2020:)))