RSG 1.46% 67.5¢ resolute mining limited

Ann: Quarterly Activities Report, page-72

  1. 8,033 Posts.
    lightbulb Created with Sketch. 566
    I imagine Chris got his order filled.
    Looks like under $1.10 before the end of the week.
    I am in no hurry to buy.
    Best wait until the dust settles.

    I am pretty confident gold will go under $1300 soon.
    So chances are under $1 will come.

    Actually looks bad now.
    Burning through $50 million a quarter.
    Net cash now just over $100 million.
    With another bad quarter coming.
    Really is cutting fine to start making money again.

    Hard to work out where the money has gone
    Budget of $200 million capex and exploration
    Will be exceded.

    66k oz with stockpiled ore
    Doesnt that mean no mining required
    Also using ore from underground workings
    Should come from capex.

    Cashflow from mining should be up
    and aisc should be lower.

    As I have said.....This is begining to smell.

    Cheers
 
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