I don't doubt there is gold at Bibiani, its a question of how much money they will need to sink into it before they get cash flow. It is now an exploration project (with a plant). To define resources for the U/G they will have to spend at a guess $20m before they can think about mining.
In a low price environment and with lots of capex is this the best use of their skills and capital? There are lots of other bargains around.
RSG are good operators and at the right price worth picking up
I am holding out for when the capital raising occurs.
more money into bibiani, page-9
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RSG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
61.5¢ |
Change
0.035(6.03%) |
Mkt cap ! $1.298B | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.5¢ | 59.0¢ | $5.904M | 9.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 148752 | 5 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| RSG (ASX) Chart |