RSG 2.26% 68.0¢ resolute mining limited

Ann: Tabakoroni Underground Update, page-23

  1. 8,033 Posts.
    lightbulb Created with Sketch. 566
    $2 once in 4 years is not a habit..
    paying dividend twice is not really a habit..
    Don't hold your breath until the next of either happens again..

    What RSG does have a habit of is capital raising and borrowing..
    Either or both will be required to build the new underground..
    The current underground was to cost under $100 million
    and funded from existing capital....That didn't quite work out
    Over $500 million spent on the first automated gold mine in the world
    Yet JW didn't mention how world class it is yesterday.
    Anyhow see the $200 million plus guesstimate goes
    on the new underground.. 80k oz PA ...WOW

    Cheers

 
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