RSG 0.70% 70.5¢ resolute mining limited

Ann: Trading Halt, page-30

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,312 Posts.
    lightbulb Created with Sketch. 1877
    Unsurprisingly, you've missed a whole lot. The lack of cash available now and the need for a capital raising is in part due to the poor decisions in the past. Hard to work out the totals without a full forensic analysis of shareholdings but I estimate they've spent about A$40-45M on juniors now worth ~$30M. Aside from the value lost, if they hadn't bought these stakes then they may have avoided a capital raising by restructuring debts.

    The Orca Gold original stake alone in 2018 was A$25M at 67.5 cents. Orca Gold share price now = C$0.32. Worth= A$9M

    Oklo Gold, average buy in price appears ~25 cents. Current price=17 cents. They hold ~38m shares so we'll call that $10M bought that are worth $7M

    Loncor up ok in last 6 months. Mako, Manas inconsequential but both have tread water since Resolute bought in.
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.