annual report

watso only just noticed that the annual report came out a few days ago.

It was most pleasing to read on page 4, that "Resolute is building shareholder value......The company is actively progressing its portfolio of projects to further enhance shareholder value"

well, that gives watso a "warm fuzzy wuzzy feeling" (but watso has to forget that he has noticed the share price collapse recently, which watso thinks has something to do with shareholder value)

290,000 oz produced at a cash cost of A$617 - which is a pretty fair result . on can assume that in the coming year, with the australian dollar collapsing, and with a lot of costs being in US$, then this cash cost will increase (in terms of australian dollars).

with three mines (syama almost complete), and each with got protential to increase resources, then in mormal circumstances, this should be a reasonably good stock. as it is, the company seems to be running a bit low in capital, and still needs a few dollars to complete syama, and to proceed with other activities. It will be interesting to see what steps the company takes to raise the capital required, withougt giving too much away