RSG 5.76% 73.5¢ resolute mining limited

Ann: Preliminary Financial Results Presentation, page-88

  1. 1,298 Posts.
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    Seems RSG just cant catch a break.

    Mako has turned out to be another disaster with a loss for the year of $84M. Netted off against the profits in the prior 2 years of only $70M, that's a net LOSS of $14M since it's acquisition.........and that's supposed to be the good asset!!

    Bibiani another loss from amount invested.

    Even the Orca shares.....bought at C$0.675 share......sold to PRU for C$0.447 a share.......only for PRU to launch a takeover for the whole company at double the price a couple of weeks later.

    The problems just keep on coming...............I think it's still far too early to think all the problems are behind the company........

 
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