good analysis. Syama sulphides are starting to look at least stable at 35koz a quarter.
Resolute has built a long life underground mine which at last seems to be working. 2021 they will need to tune up production by an extra 5koz a quarter as well as control costs. Should be possible especially with the new power plant providing immediate cost impact.
Share price collapse provides a good entry point for new Chairman and Board members. I suspect this needs to happen before any CEO worth his salt will sign on.
Positives:
- Syama underground up and running (finally)
- Bibiani cash to be received soon
- Syama power plant ready to bring down costs
- Ravenswood upside payments ??
- Mako a great addition to portfolio
Negatives:
- costs too high (Admin!!)
- Syama oxide production tailing off
- no new strategic initiative or ambition
- Leadership
- tax and royalty position with African governments unclear
Resolute ready for a big turnaround. With strong leadership and direction Resolute could be a big winner in 2021.
J9
Ann: CY20 Production Update and CY21 Guidance, page-27
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64.5¢ |
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Mkt cap ! $1.373B | |||
| Open | High | Low | Value | Volume |
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