sorry but do your own research, about how much free cashflow RSG has generated over the past 4 years compared to its reported "profits", how much dividends it has distributed compared to how much capital it has raised from shareholders, and how much cashflow it is generating today at $1850 USD gold compared to $1300 USD gold
the analysis speaks for itself and no amount of downramping/upramping can dispute these facts
John Welborn had grand plans of being a 500k? oz producer, buying up mines increasing production, doing cap raises and loading up on debt to expand and "automate". Also spent millions(?) to dual list on the LSE to attract new shareholders and increase the share price - laughable.
Now within 1 year we have sold two mines, and still have a boatload of debt, divs nowhere to be seen, and still loss making whilst the mali government extracts a cool $50m from us.
This is a pure dog of a company and if you invest in this you have rocks in year head. I learnt my lesson late, but luckily not too late
Ann: Sale of Bibiani Gold Mine, page-29
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Last
56.0¢ |
Change
0.025(4.67%) |
Mkt cap ! $1.192B | |||
| Open | High | Low | Value | Volume |
| 54.5¢ | 56.0¢ | 54.5¢ | $5.189M | 9.337M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33488 | 55.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 356718 | 17 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
55.5¢ |
Change
0.025 ( 3.80 %) |
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| Open | High | Low | Volume | ||
| 54.5¢ | 55.8¢ | 54.5¢ | 2537445 | ||
| Last updated 16.08pm 31/05/2024 ? | |||||
| RSG (ASX) Chart |