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70.0¢ resolute mining limited

Ann: Bibiani Gold Mine Update, page-26

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enigma5

29 Posts.

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30/03/21

21:25

Post #: 52155195
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Originally posted by jogo: ↑

So much for last year's guidance, if you ask me. Too many impacts dragging it down that need to be fixed. I am not sure yet that all the dirty washing has come to the fore and my inclination is to wait a bit longer. The Bibiani fiasco is out of the blue but helps to destroy confidence. Maybe the Chinese will see an opportunity for the entire company. They certainly like Africa at present and West Africa is the place to be,
Others have pointed out how much the Malian government is taking out of the cashflow from Syama etc.
If you expected a 33% correction without Bibiani, then what downside are you expecting with Bibiani?
The CR and its amount will be subject to discussions with the bankers, I would think.
All the best.
So far, RSG has only surprised me to the downside over the past 9 months or so and although as an investor, I am a risk taker and have profited from RSG in the past, I am favourable to other risks in preference to RSG at the present time.

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Gold now back down to 1695 extremely bullish get ready for a new bull run.

RSG Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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