Australia's largest stock trading and investment forum Australia's #1 stock forum

RSG

Click for more information

2.80%

73.5¢ resolute mining limited

Ann: Quarterly Activities Report, page-44

First 44 Last

Share
Profile

Follow
jayneen

1,206 Posts.

270

27/07/17

16:59

Post #: 26121708
Share

Originally posted by loki01 ↑

Torpedo

Thanks for that assessment.

I have only just recently been able to get to look at this report (woke up very late). Agree that it is below par, but I will need to do a lot of digging to fully understand the issues.

On the surface I would say the share price will stagnate until they can prove that the costings for their Ravenswood and Syama developments are shown to be right. Am expecting lower share prices. Money needs to be conserved, so no buybacks and hopefully no activity in Egyptian tenements (which should be dropped if they have any sense).

I expect the broker analysts will lower their RSG target prices in the next few days. Would be interested to know what MacBank say.

Fortunately they have plenty of money to finalise the two developments. I would not worry about the borrowings. It is probably basically a drawdown on their cash balance to fund the development in Mali, and I think they use that as some sort of tax deduction in Mali.

Now we know why the share price has been lagging. Major recovery in the second half of 2018, perhaps.

loki (90 cents/share coming up on a major gold price dip, I suppose).

Expand

Just received an email from Cannacord with an update on their share price target.

Up from $1.65 to $1.70.

RSG Price at posting: $1.07 Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

There are more pages in this discussion • 32 more messages in this thread...

First 44 Last

Add RSG (ASX) to my watchlist

(20min delay)
Last 73.5¢		Change 0.020(2.80%)		Mkt cap ! $1.570B

Open	High	Low	Value	Volume
72.0¢	74.0¢	72.0¢	$4.638M	6.324M

Buyers (Bids)

No.	Vol.	Price($)
40	590115	73.0¢

Sellers (Offers)

Price($)	Vol.	No.
73.5¢	240618	13

View Market Depth

No.	Vol.	Price($)
64	534660	0.730
18	547139	0.725
29	441826	0.720
16	997110	0.715
6	173944	0.710

Price($)	Vol.	No.
0.735	524657	31
0.740	897294	41
0.745	769372	24
0.750	689247	26
0.755	463123	12

Last trade - 14.45pm 11/10/2024 (20 minute delay)

RSG (ASX) Chart