RSG 2.56% 60.0¢ resolute mining limited

Hi all, I have read and enjoyed the posts in here so thank you...

  1. 554 Posts.
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    Hi all, I have read and enjoyed the posts in here so thank you for your efforts both positive and negative.

    I just bought in this week. A modest position and really happy to be here for at least 6 months or while gold hammers higher.
    EPS of 10cps and a P: E of 4.14 with improving metrics in a gold breakout that is long overdue. What is not to like?

    Yes the $50M is a high probability and net debt free is a good milestone. Hedge free is a massive bonus.
    Some have said it is always undervalued yet I have seen this stock at $2.40 and traded and invested in it over many years.
    I really like the new management performance which can only be measured over a period of time. They get that tick.
    The LOM is long and positive as Syama is a world class deposit with major upside for years to come.

    Gold is being set free at last. The long consolidation over the past 4 years has built up potential energy. The long moving averages prove gold is cheap at these record prices. Consider house prices at a peak pre-2008 and examine the price appreciation since. Recency bias kicks in on all of us so it is essential to look at the long term picture for perspective. I prepared the chart below last year before the close. Take the price targets as potential only at this stage. I follow the market rather than "deciding" what I think it will do. But like a business plan you have to have that in place to measure where you are and where you might be going.

    The bottom line is... momentum wise; we have seen record daily, weekly, monthly, quarterly and now annual record closings. The big money is buying with their ears pinned back.

    GLTAH CW

    https://hotcopper.com.au/data/attachments/6064/6064856-3acd664eae3d032e2951beee1b351818.jpg

 
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Last
60.0¢
Change
0.015(2.56%)
Mkt cap ! $1.277B
Open High Low Value Volume
58.0¢ 60.5¢ 57.5¢ $6.378M 10.71M

Buyers (Bids)

No. Vol. Price($)
4 80708 60.0¢
 

Sellers (Offers)

Price($) Vol. No.
60.5¢ 325865 11
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
RSG (ASX) Chart
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