RSG 2.84% 68.5¢ resolute mining limited

Haha you don't like to take a conservative position do you? It...

  1. 229 Posts.
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    Haha you don't like to take a conservative position do you? It is either doom or gloom.

    $1.63 to $0.18 since July 2019 it has been a long and sustained decline with many jumping on at some point in between confident of a turn around. Operational issues are all behind us, the investment in automation with lead to lower AISC, the cleaning up of debt will reduce risk, etc. While every other gold miner has lined their pockets over the same period. The stock is still heavily shorted, a CR was conducted three weeks after releasing a statement dismissing this and the raise significantly increased the SOI. If you were to follow the charts it one direction only. If you were to analysis the decisions of the board you'd be concerned. Quarterly operational reports show some very recent improvement but AISC are still very high. So what are the positives? Sure the gold price is holding up well, is that enough? What you really need to be bullish on this stock is one and only one thing HOPE.
 
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Last
68.5¢
Change
-0.020(2.84%)
Mkt cap ! $1.453B
Open High Low Value Volume
69.0¢ 69.0¢ 66.5¢ $7.582M 11.18M

Buyers (Bids)

No. Vol. Price($)
59 645832 68.0¢
 

Sellers (Offers)

Price($) Vol. No.
68.5¢ 147519 17
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Last trade - 14.56pm 07/10/2024 (20 minute delay) ?
RSG (ASX) Chart
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