re: Ann: Appendix 5B and March 2013 Quarterly... "What a disater!! Wheels have really come off now!!"
No they haven't. Don't you guys read the announcements? If gold stays below $1300 -> then the wheels have come off! But only if they don't find more resource with better grades. When they do that=> ML + Plant = $1b+ (50 bagger).
That green bit (above) in the Sefwi-Bibiani Gold Belt. Lasseter's Reef is there waiting to be found there! They have only explored a tiny bit and already they find: "1m @ 28.13 g/t from 53m" + "2m @ 5.21 g/t from 29m" + "1m @ 8.77 g/t". Also, they have 79m2 of leases in the Ashanti Gold Belt and they are yet to explore that too.
As for a cap raising? No - they cant! Not allowed. RSG is managing the money and operations now and they are cashed up and in this for the long haul. But at this price, they might do a takeover and put the long suffering shareholders out of their misery!
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- Ann: Appendix 5B and March 2013 Quarterly Report
Ann: Appendix 5B and March 2013 Quarterly Report , page-9
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