RSG 0.81% 61.0¢ resolute mining limited

Ann: CY20 Production Update and CY21 Guidance, page-27

  1. 1,200 Posts.
    lightbulb Created with Sketch. 270
    good analysis. Syama sulphides are starting to look at least stable at 35koz a quarter.
    Resolute has built a long life underground mine which at last seems to be working. 2021 they will need to tune up production by an extra 5koz a quarter as well as control costs. Should be possible especially with the new power plant providing immediate cost impact.

    Share price collapse provides a good entry point for new Chairman and Board members. I suspect this needs to happen before any CEO worth his salt will sign on.
    Positives:
    - Syama underground up and running (finally)
    - Bibiani cash to be received soon
    - Syama power plant ready to bring down costs
    - Ravenswood upside payments ??
    - Mako a great addition to portfolio
    Negatives:
    - costs too high (Admin!!)
    - Syama oxide production tailing off
    - no new strategic initiative or ambition
    - Leadership
    - tax and royalty position with African governments unclear

    Resolute ready for a big turnaround. With strong leadership and direction Resolute could be a big winner in 2021.

    J9
 
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