RSG 0.70% 70.5¢ resolute mining limited

Ann: Quarterly Activities Report, page-93

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  1. 19,649 Posts.
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    Unable to provide exactly the questions posed, but I will say I was aiming for the root cause of the production underperformance. I think someone else on RSG threads mentioned that the market let the Dec Qtr miss slip by with the assumption that Mar would cover that slippage. RSG simply got caught out with the low grade feed.

    Looking forward, June Qtr will benefit from the UG ore at ~3g/t. The qtrly reveals that we are currently stockpiled with around 3 mil tonne @ 1.3g/t. I doubt it will be utilised during during the next couple of quarters.

    To achieve the revised annual target of 280koz, we need to see 71koz produced. It is my expectation that they will exceed 76koz, based on some rough calcs.

    The smart investor knows that Mar Qtr and even Dec quarter misses will have no significant impact on the real long term value of this company.

    The only people who would be seriously annoyed, are the short termers tailing onto rise to 1.34 and being caught out.

    Again another poster mentioned 1.145 (61.8 fib), if 1.12 offers itself I will be adding.
 
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