RSG 5.47% 67.5¢ resolute mining limited

I am not saying RSG is not going to come good. I am pointing out...

  1. 8,034 Posts.
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    I am not saying RSG is not going to come good.

    I am pointing out that things are not as the appeared.
    December quarter was as expected
    Except the cash burn was more than I expected.
    Guidance was maintained so I thought
    We were in for a good quarter this time.
    Increased production and lower cash burn.

    But now we have more cash burn more than budgeted
    and guidance lowered.
    I think we were all of the of the opinion
    of JW under promises and over delivers.
    That certainly is not the case now.

    We were told grades would start to improve
    Well that didnt happen and now guidance is set at 71k for fhis quarter.

    Time to wait for some good news before
    Thinking the bad news is over.

    Cheers
 
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65.0¢ 67.5¢ 64.5¢ $3.652M 5.510M

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Last trade - 13.27pm 12/09/2024 (20 minute delay) ?
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