I have been waiting for this stock to start its run back up to test $2. Long time overdue but certainly pushed through the final resistance at current levels today (up 4.5%) on meaningful volumes. I'd suggest the funds are starting to think of the dividend stream as well - which was 2 cps last year and probably the same or up to 3 cps this year (given cash flow pushed into developing significant production uplift in excess of 500 K Oz pa - which is absolutely the right plan). I remember the 2.33 in Sep of 2016 and this is easily achievable again over the next 12 months. If Syama was in Australia this stock would be pushing 3$. Resolute is delivering a series of transforming growth projects - and is well undervalued on that basis. A smartly run outfit. As always - DYOR.
RSG Price at posting:
$1.33 Sentiment: Buy Disclosure: Held
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