Ann: Resolute Operational Update, page-9

First 9 Last

Share
Profile

Follow
loki01

11,147 Posts.

644

09/07/14

15:39

Post #: 13634553
Share

Originally posted by loki01 ↑

"think there will be some red pen from the analysts tomorrow."
I agree.
However a higher gold price will fix things for RSG one fine day.
I will buy some more RSG if the price drops back down to around 50 cents. In the meantime this thing is not going to do much from here. If the POG does not move up above USD1400 then RSG will not be earning much by way of profits and all its funds will be used up in finalising the Syama upgrade (including electricity connection), exploring and possibly fixing Bibiani and other activities in Oz and east Africa. There could be some improvement in the 2016 financial year when Syama costs should be reduced and output raised to 270k ounces per annum.
I do not get it why people are comparing RSG to PIR. PIR ore is not complexed with sulphur, and it is to be an open pit operation where the ore is fairly close to the surface. The initial plan for PIR is for a 300k ounce per annum operation, about as much as RSG is to produce in 2015, but at a much lower cost per ounce. No wonder it was sold at a price exceeding RSG's market capitalisation despite all its ounces of resources and reserves.
We have no idea if Bibiani is a goer - it needs a lot of drilling plus a DFS, plus probably money on plant etc.
At least RSG has been pretty honest aboout its operational issues and costs.
loki (RSG to again see $2.00 in 2016 when the price of gold is back at USD1800/ounce - maybe).

Expand

and I think the facts behind this announcement have been anticipated by the market, and explains why the share price got clobbered back under 60 cents.

loki

RSG Price at posting: 63.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GDM

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

AII

A new NASDAQ listing for a key player in the global critical minerals space

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 64.3¢		Change -0.008(1.15%)		Mkt cap ! $1.378B

Open	High	Low	Value	Volume
64.0¢	65.0¢	63.8¢	$1.792M	2.780M

Buyers (Bids)

No.	Vol.	Price($)
30	334175	64.0¢

Sellers (Offers)

Price($)	Vol.	No.
64.5¢	157832	35

View Market Depth

No.	Vol.	Price($)
55	379434	0.645
25	186717	0.640
17	249667	0.635
20	707213	0.630
10	453980	0.625

Price($)	Vol.	No.
0.650	257680	49
0.655	347045	26
0.660	209792	18
0.665	187978	9
0.670	406590	9

Last trade - 11.34am 18/07/2025 (20 minute delay)

RSG (ASX) Chart

Ann: Resolute Operational Update, page-9

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

A new NASDAQ listing for a key player in the global critical minerals space

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Resolute Operational Update, page-9

Top Stories

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

A new NASDAQ listing for a key player in the global critical minerals space

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Pretty boring day, but we're back in the 8,600s

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News