Ann: Ravenswood Update, page-5

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jayneen

1,206 Posts.

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25/01/19

11:59

Post #: 37223239
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Originally posted by loki01: ↑

Given the increasing country risks plus high govt take in west Africa, I think Ravenswood should be retained, if the economics make any sense, which I presume they do or nobody would buy it.

The area is becoming more active with Islamic extremists killings, Burkina Faso now becoming a less desirable country to invest. Only the Ivory Coast seems like a good place for now, but who knows how long that will last. Mali also has its issues with terrorists and high govt total take from gold mining. In Ghana RSG will have a heap of corruption and high taxes to deal with, if it ever goes ahead re-opening Bibiani. As for JW's acquisitions in Egypt and Sudan, they are a sure fire way of doing a lot of dosh if they develop anything there - any agreements with their govts will not be worth the paper they are written on.

I hope the Moose does not have a brain fart and give Ravenswood away thinking he is just going to acquire top assets in Africa and get to keep the benefits in quick time. It would take 15-20 years to build another Randgold. It seems to me that Randgold management had come to the conclusion that they wanted to diversify away from Africa and therefore arranged for the merger with Barrick.

loki

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The sooner JW leaves Resolute the better.

Oh for the good old days when the RSG share price was predictable and bounced between 25c and 40c based on the gold price and raised equity in private placements to the major shareholder every 2 or 3 years to keep the lights on and there was no ambition whatsoever.

The assessment of RSG strategy and actions as a sure fire brain fart is given strong upvotes. The comparison with Randgold is a joke. Africa is a disaster. Management lie all the time and are just inventing new ways of defrauding us poor investors and letting us down. Agreements are worthless. JW an idiot.

I am keeping my capital dry and waiting for loki01 and Col to start a new gold company. Based on their confidence and acumen it is a sure fire way to make dosh.

J9

RSG Price at posting: $1.14 Sentiment: Buy Disclosure: Held
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0 Great analysis

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