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53.5¢ resolute mining limited

Dont be surprised if an announcement comes in to say Ravenwood...

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Virux

810 Posts.

138

28/02/22

09:33

Post #: 59861646
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Originally posted by stanislar: ↑

Net debt end 2021 $228m. In theory around $198m following bibiani receipt in Feb . Further bibiani $30m reduction later this year. Working capital build up recently. Assume some of that unwound, then they could be down to approx $150m net debt. If they can make any net operating cashflow to pay down debt it can come down further (yes that is a big ‘if’). In 2024 there is potential for ravenswood promissory note payback. They had $55m in listed investments end 2021. This is not a basket case debt-wise. If they do indeed get net debt down around $150m this will be demonstrably very cheap, too cheap. Enterprise Value of US $340m for around $135m ebitda plus their listed investments and a very significant gold resource and 3 operational mines and upside from ravenswood promissory not repayments. You can be bound by the miserable performance of the past if you like but IMHO this is a good bet at this distressed price at the moment.

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Dont be surprised if an announcement comes in to say Ravenwood has been renegotiated for early settlement and the complete debt gets wiped out.

You can't find mines like RSG anymore, we're sitting at well below replacement costs here.

Give her some time and she will shine, I'm loading more here.

RSG Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 53.5¢		Change 0.030(5.94%)		Mkt cap ! $1.155B

Open	High	Low	Value	Volume
52.5¢	55.3¢	52.5¢	$10.86M	20.12M

Buyers (Bids)

No.	Vol.	Price($)
9	295422	53.5¢

Sellers (Offers)

Price($)	Vol.	No.
54.0¢	68585	2

View Market Depth

No.	Vol.	Price($)
20	1325305	0.535
30	906508	0.530
10	316121	0.525
25	864077	0.520
5	215285	0.515

Price($)	Vol.	No.
0.540	68585	2
0.545	645976	18
0.550	1639366	27
0.555	962379	21
0.560	927965	31

Last trade - 16.10pm 22/05/2024 (20 minute delay)


Last 54.0¢			Change 0.030 ( 8.15 %)
Open	High		Low	Volume
52.0¢	55.3¢		52.0¢	7358369
Last updated 15.59pm 22/05/2024 ?

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