RSG 0.00% 77.5¢ resolute mining limited

Ann: Bibiani Gold Mine Update, page-24

  1. 2,990 Posts.
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    Actually I was expecting a 33% correction when the news hit, had the .42 number in my mind the whole time, around 20% hit to the share price to make up for the $100 Million which is fair, then extra $50 Million from people selling just wanting to get out pushing it further down until their done and maybe that portion is what will bounce the share price back to 48-50 cents.

    I don't know if there will be a CR, but I'm thinking it should be along the lines of $100M (as long as nothing else is wrong) to make up for what they were expecting and if that's going to happen that would be fine and I think palatable to the market. I was also thinking it would be nice to buy 1oz PA of production for $1,000 worth of shares, it almost reached that today at $463M Mcap if you went off their last years guidance of 450Kozpa.

    I do have a feeling I'm going to get burned on this but a lot of the problems are known now and have come to light, the dirty laundry is on the clothes line.
    Last edited by Jrowl1: 30/03/21
 
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