Ann: Daily share buy-back notice - Appendix 3E , page-68

re: Ann: Daily share buy-back notice - Append... Great posts all of them, except that one that failed accounting 101 on buybacks, divies and tax/cash flow impact.

resolute needed another project with golden pride closing, they chose nmg in ghana with max exposure to the gold price, large resource but low grades, 1g/t stuff so high cash costs, its a good move but in hindsight they paid too much, with the convertible structure of the debt I think they will own 50% plus if they want, posting from a phone so dyor as I cant quickly verify this.

The ETF liquidation is happening with gold stocks, punters see their redemption price going down and they all want out hence the hedgies selling and keep selling, coz they have to.

What this means? Awesome value for anybody buying aussie gold stocks, they were already undervalued imo and now they offer returns for who dares wins. Got some of mine on a margin and getting called, just needs a reshuffle, my advice for anyone with cash is to keep SLOWLY averaging in to weather the storm.

Sullivan is a smart astute director and is bar the nmg too early mistake has grown this company from a small cap to asx200, which btw RSG is still a long way from being 'downgraded' from.

Retained earnings of 270m as at Dec12 equals what can be paid out as dividends, it obviously wont but just want to show the crowd I aced Acc101 and how successful this company has been since the 90's, with gold at 300 levels.

Sentiment...screaming buy!!! Save some coin in case og Au price capitulation, just my opinion