All will be revealed in the next week or so. It’s blatantly clear now from this recent bounce that the level of debt was seen as a noose around RSGs neck and the BEOT wouldn’t buy RSG stock until that level had been reduced, I’m glad I filled my boots in the Rights issue but it’s a blight on senior management that it took them so long to initiate the cap raise…… as it could have been far less dilutive.
That said it’s behind us now and the market is clearly viewing RSG as one of the main PM producing beneficiaries of a rebounding gold price.
Yesterdays Syama resource upgrade just shows the vast volume of ore that they are sitting on. And I for one am now expecting that ‘transition’ from Oxide production (2025) should also include the word ‘expansion’ in those plans.
As myself and others have also slated (above in this thread) the incoming cashflow could also surprise to the upside this qtr for RSG and I think that is being priced in with this current rise. My RSG holding is back in the green today….. so long may it continue
RSG Cashflow & PFS, page-27
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Last
66.0¢ |
Change
-0.015(2.22%) |
Mkt cap ! $1.405B | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.5¢ | 64.5¢ | $6.512M | 9.931M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 131650 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 397181 | 5 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |