RSG 0.00% 52.0¢ resolute mining limited

Ann: Exceptional drilling results at Tabakoroni, page-63

  1. 8,033 Posts.
    lightbulb Created with Sketch. 566
    Esh
    Whats to be embarrassed about
    I have made a huge amount of money on RSG.
    When I think about it
    I have made plenty on every gold producer
    I have ever invested in.
    Only bad buys were explorers


    I pointed out 2 quarterlys back that
    Spending was well over budget
    Last quarterly spending was out of control
    Add to that production cost has risen.
    Way more than would be expected.
    Of course less ounces being produced
    But they are using stockpiled ore
    and ore from underground.

    The cost of the mining the underground ore
    Is included in development costs
    and stockpiled ore should have little cost
    Attached to it.

    Something isnt right and until things change
    Holding is a gamble.

    Cheers
 
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