BOOM! Junta agrees to ECOWAS 12 month transitional phase.., page-23

Hi folks
A few points.
- RSG have a big opportunity to benefit from rising gold price. It’s clear from CC ( both aus and London call) they are going to use more puts going forward , which will maintain a lot more upside exposure to gold price
- operationally the mine is operating at 2.4m plus and grades at or above 80 suggests increasing production and lower costs. They also mentioned overdraw which will help drop costs further
- debt will begin to come down materially over the next 2-3 quarter and RSG I believe will look to grow , hopefully in a 3rd African jurisdiction and this will decrease risk further
- they are planning to pay an end of year dividend and mentioned 2% of gross revenue. This suggests a st
strong confidence in operations imo

it May trade at a discount ST , but with a few gold companies operating in Mali , I think the sovereign risks are low as it will destroy confidence in the whole of Africa and there is simply to much revenue and job creation derived across Africa from mining