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
good analysis. Syama sulphides are starting to look at least...
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Last
71.8¢ |
Change
-0.023(3.04%) |
Mkt cap ! $1.527B | |||
| Open | High | Low | Value | Volume |
| 72.5¢ | 73.5¢ | 71.5¢ | $5.406M | 7.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 317192 | 71.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 456305 | 54 |
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| Last trade - 14.28pm 01/10/2024 (20 minute delay) ? |
| RSG (ASX) Chart |