RSG 0.96% 52.5¢ resolute mining limited

I am not sure why there are getting rid of Ravenswood and they...

  1. 41,670 Posts.
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    I am not sure why there are getting rid of Ravenswood and they have their valid reasons. Maybe it frees up the cash allowing them to seek other African assets etc. This reminds me of BHP with the high standards of operational framework and had to derail a full load of IO recently. If it was a 1 mine operation then you know what will happen to the SP.

    This is where accidents can be mitigated but not removed let alone ground movements in an UG mine. The sooner they get multi mines exposure, the better it is for LT holders to sleep well at night. I remember NST mini earthquake or ground shifting after having bought those Newmont/Barrick assets with a 10% sell off intraday. If it was more than just cosmetic damage, NST will be at the pits today!

    No doubt you are intimate with the operational hurdles and automation can drastically cut down cost of production as machines do not need to take a night rest with labor cost one of the major expenses. I am expecting XAUUSD to test the $1350-60level TA wise but the FA does not justify this. Bonds were bidded up during the mini-crash in the equities market right into Dec but we have a positive unfolding Trade deal talk so I suspect yields will rise again in time.

    I stopped using the FA roadmap and do my head in. Just use the chart to manage risk. That is all I've got. Tomorrow and the day after will present themselves.
 
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Last
52.5¢
Change
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Mkt cap ! $1.117B
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53.0¢ 53.0¢ 51.5¢ $5.539M 10.60M

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8 215799 52.0¢
 

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Last trade - 16.10pm 27/05/2024 (20 minute delay) ?
Last
52.3¢
  Change
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