RSG 2.74% 79.8¢ resolute mining limited

Ann: Bibiani Gold Mine Update, page-24

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  1. 3,029 Posts.
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    Actually I was expecting a 33% correction when the news hit, had the .42 number in my mind the whole time, around 20% hit to the share price to make up for the $100 Million which is fair, then extra $50 Million from people selling just wanting to get out pushing it further down until their done and maybe that portion is what will bounce the share price back to 48-50 cents.

    I don't know if there will be a CR, but I'm thinking it should be along the lines of $100M (as long as nothing else is wrong) to make up for what they were expecting and if that's going to happen that would be fine and I think palatable to the market. I was also thinking it would be nice to buy 1oz PA of production for $1,000 worth of shares, it almost reached that today at $463M Mcap if you went off their last years guidance of 450Kozpa.

    I do have a feeling I'm going to get burned on this but a lot of the problems are known now and have come to light, the dirty laundry is on the clothes line.
    Last edited by Jrowl1: 30/03/21
 
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Last
79.8¢
Change
-0.023(2.74%)
Mkt cap ! $1.697B
Open High Low Value Volume
80.0¢ 80.5¢ 78.8¢ $9.888M 12.41M

Buyers (Bids)

No. Vol. Price($)
98 423850 79.5¢
 

Sellers (Offers)

Price($) Vol. No.
80.0¢ 619124 59
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