RSG

1.46%

67.5¢ resolute mining limited

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sentinel22

96 Posts.

15/04/21

19:37

Post #: 52499973

Originally posted by equityma: ↑
TARGET PRICE
$0.60
% TO REACH TARGET
17.65%
COMMENTARY
The mining license for Bibiani has been restored by the Ghana government yet Macquarie notes conditions imposed make the US$105m sale to Chifeng unlikely.
The company is required to submit a report detailing the full state of affairs at Bibiani along with a detailed plan for redevelopment.
Without the sale, de-leveraging of the balance sheet is reliant on operating cash flows, Macquarie points out. A commitment to develop Bibiani will require some form of capital investment, the broker adds. Target is raised to $0.60 from $0.50. Neutral maintained.
FORECAST
Macquarie forecasts a full yearFY21dividend of0.00cents and EPS ofminus -2.90cents.
Macquarie forecasts a full yearFY22dividend of0.00cents and EPS of5.00cents.
Citi
15/04/2021
3
Neutral
TARGET PRICE
$0.75
% TO REACH TARGET
47.06%
COMMENTARY
Citi believes shareholders will be relieved that there’s scope to realise some value from Bibiani, after news the mining lease in Ghana has been reinstated. This may occur either via development by Resolute Mining or divestment to an ‘approved’ third party.
Management stated debt repayments can be met. The broker agrees after removing the US$105m cash from financial models plus the US$10m in break fees from the foregone sale to Chifeng.
Separately, after a higher-than-expected life of mine (LoM) cost outlook at Syama, Citi now expects all the bad news is priced in. The Neutral rating and $0.75 target price are retained.
FORECAST
Citi forecasts a full yearFY21dividend of2.00cents and EPS of0.60cents.
Citi forecasts a full yearFY22dividend of2.00cents and EPS of2.10cents.
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RSG Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held

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0 Great analysis

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(20min delay)
Last 67.5¢		Change -0.010(1.46%)		Mkt cap ! $1.437B

Open	High	Low	Value	Volume
66.0¢	67.5¢	64.8¢	$10.88M	16.42M

Buyers (Bids)

No.	Vol.	Price($)
1	36098	67.0¢

Sellers (Offers)

Price($)	Vol.	No.
67.5¢	377203	5

View Market Depth

No.	Vol.	Price($)
1	36098	0.670
1	36098	0.665
1	36098	0.660
7	182886	0.655
5	128378	0.650

Price($)	Vol.	No.
0.675	309014	4
0.680	407683	7
0.685	215588	4
0.690	544768	6
0.695	191598	5

Last trade - 16.10pm 30/08/2024 (20 minute delay)

RSG (ASX) Chart

What do you subscribe to to get the broker data?

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Buyers (Bids)

Sellers (Offers)

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TARGET PRICE $0.60 % TO REACH TARGET 17.65% COMMENTARY The mining license for Bibiani has been restored by the Ghana government yet Macquarie notes conditions imposed make the US$105m sale to Chifeng unlikely. The company is required to submit a report detailing the full state of affairs at Bibiani along with a detailed plan for redevelopment. Without the sale, de-leveraging of the balance sheet is reliant on operating cash flows, Macquarie points out. A commitment to develop Bibiani will require some form of capital investment, the broker adds. Target is raised to $0.60 from $0.50. Neutral maintained. FORECAST Macquarie forecasts a full yearFY21dividend of0.00cents and EPS ofminus -2.90cents. Macquarie forecasts a full yearFY22dividend of0.00cents and EPS of5.00cents.
Citi	15/04/2021	3	Neutral
TARGET PRICE $0.75 % TO REACH TARGET 47.06% COMMENTARY Citi believes shareholders will be relieved that there’s scope to realise some value from Bibiani, after news the mining lease in Ghana has been reinstated. This may occur either via development by Resolute Mining or divestment to an ‘approved’ third party. Management stated debt repayments can be met. The broker agrees after removing the US$105m cash from financial models plus the US$10m in break fees from the foregone sale to Chifeng. Separately, after a higher-than-expected life of mine (LoM) cost outlook at Syama, Citi now expects all the bad news is priced in. The Neutral rating and $0.75 target price are retained. FORECAST Citi forecasts a full yearFY21dividend of2.00cents and EPS of0.60cents. Citi forecasts a full yearFY22dividend of2.00cents and EPS of2.10cents.

What do you subscribe to to get the broker data?

Top Stories

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

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Helix investor makes partial takeover bid, proposing board changes

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

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WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Results wrap: Austal, TPG Telecom and Downer

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Lendlease sells off US east coast construction operations in latest global divestment push

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News