RSG 2.87% 62.8¢ resolute mining limited

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  1. 9,788 Posts.
    lightbulb Created with Sketch. 3485
    thanks jid

    hope it was a good holiday?

    yeah i doubled down on the rsg knife yesterday when the bots were selling into the slow stochastic top out.

    i like rsg for leverage but i think its far from the cleanest lookthrough on 2-3 yr basis - so im longer evn, edv.to, and equal weight pru

    what i do think is in prospect if all works as i think though - is the proven production teams with a growth stage to be financed are going to be able to access 100% /majority debt funding at cheap cost to fund expansions that previously looked like big dilution events.

    rsg would be a prime candidate where this would turn a potential distortion into a net postive to sp.

    but too early to worry too much about that.

    i think the smartest play is actually to go long US cost base gold producers at this point on a view USD starts to weaken in a few months - but rsg is about in the same boat because its margin is so thin
 
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Last
62.8¢
Change
0.018(2.87%)
Mkt cap ! $1.383B
Open High Low Value Volume
64.0¢ 65.0¢ 62.8¢ $1.955M 3.060M

Buyers (Bids)

No. Vol. Price($)
21 251786 62.5¢
 

Sellers (Offers)

Price($) Vol. No.
63.0¢ 82533 10
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Last trade - 12.56pm 29/07/2024 (20 minute delay) ?
RSG (ASX) Chart
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