RSG (ASX) Ann: Sale of Ravenswood Gold Mine

Originally posted by Cashmeoutside: ↑

The overwhelming evidence is that the company is poorly managed and overvalued. The past 14 quarters has seen the company leak $400m of free cash flow..and that’s with paying next to nothing in tax... funded by $150m equity raise, $200m debt and they picked up some cash in the Toro acquisition which was purchased with script and debt.

Now some of this cash was used in developing Syama UG but its operations are still not cash flow positive. They’ve set themselves targets of 2.4mtpa throughput, 89% recoveries and sub $20/t ore in UG mining costs (even better than carapateena which is a sub level cave operation in commissioning like Syama UG and twice the size). All seems very ambitious and whilst i don’t mind Mako I can’t get to the current valuation. $100m cash from Ravenswood may help keep the lights on. GL

View attachment 1935790

Expand

Originally posted by Cashmeoutside: ↑

The overwhelming evidence is that the company is poorly managed and overvalued. The past 14 quarters has seen the company leak $400m of free cash flow..and that’s with paying next to nothing in tax... funded by $150m equity raise, $200m debt and they picked up some cash in the Toro acquisition which was purchased with script and debt.

Now some of this cash was used in developing Syama UG but its operations are still not cash flow positive. They’ve set themselves targets of 2.4mtpa throughput, 89% recoveries and sub $20/t ore in UG mining costs (even better than carapateena which is a sub level cave operation in commissioning like Syama UG and twice the size). All seems very ambitious and whilst i don’t mind Mako I can’t get to the current valuation. $100m cash from Ravenswood may help keep the lights on. GL

View attachment 1935790

Expand

Originally posted by Cashmeoutside: ↑

The overwhelming evidence is that the company is poorly managed and overvalued. The past 14 quarters has seen the company leak $400m of free cash flow..and that’s with paying next to nothing in tax... funded by $150m equity raise, $200m debt and they picked up some cash in the Toro acquisition which was purchased with script and debt.

Now some of this cash was used in developing Syama UG but its operations are still not cash flow positive. They’ve set themselves targets of 2.4mtpa throughput, 89% recoveries and sub $20/t ore in UG mining costs (even better than carapateena which is a sub level cave operation in commissioning like Syama UG and twice the size). All seems very ambitious and whilst i don’t mind Mako I can’t get to the current valuation. $100m cash from Ravenswood may help keep the lights on. GL

View attachment 1935790

Expand

Originally posted by Cashmeoutside: ↑

The overwhelming evidence is that the company is poorly managed and overvalued. The past 14 quarters has seen the company leak $400m of free cash flow..and that’s with paying next to nothing in tax... funded by $150m equity raise, $200m debt and they picked up some cash in the Toro acquisition which was purchased with script and debt.

Now some of this cash was used in developing Syama UG but its operations are still not cash flow positive. They’ve set themselves targets of 2.4mtpa throughput, 89% recoveries and sub $20/t ore in UG mining costs (even better than carapateena which is a sub level cave operation in commissioning like Syama UG and twice the size). All seems very ambitious and whilst i don’t mind Mako I can’t get to the current valuation. $100m cash from Ravenswood may help keep the lights on. GL

View attachment 1935790

Expand

Originally posted by Cashmeoutside: ↑

The overwhelming evidence is that the company is poorly managed and overvalued. The past 14 quarters has seen the company leak $400m of free cash flow..and that’s with paying next to nothing in tax... funded by $150m equity raise, $200m debt and they picked up some cash in the Toro acquisition which was purchased with script and debt.

Now some of this cash was used in developing Syama UG but its operations are still not cash flow positive. They’ve set themselves targets of 2.4mtpa throughput, 89% recoveries and sub $20/t ore in UG mining costs (even better than carapateena which is a sub level cave operation in commissioning like Syama UG and twice the size). All seems very ambitious and whilst i don’t mind Mako I can’t get to the current valuation. $100m cash from Ravenswood may help keep the lights on. GL

View attachment 1935790

Expand

Originally posted by Cashmeoutside: ↑

The overwhelming evidence is that the company is poorly managed and overvalued. The past 14 quarters has seen the company leak $400m of free cash flow..and that’s with paying next to nothing in tax... funded by $150m equity raise, $200m debt and they picked up some cash in the Toro acquisition which was purchased with script and debt.

Now some of this cash was used in developing Syama UG but its operations are still not cash flow positive. They’ve set themselves targets of 2.4mtpa throughput, 89% recoveries and sub $20/t ore in UG mining costs (even better than carapateena which is a sub level cave operation in commissioning like Syama UG and twice the size). All seems very ambitious and whilst i don’t mind Mako I can’t get to the current valuation. $100m cash from Ravenswood may help keep the lights on. GL

View attachment 1935790

Expand

Originally posted by Cashmeoutside: ↑

The overwhelming evidence is that the company is poorly managed and overvalued. The past 14 quarters has seen the company leak $400m of free cash flow..and that’s with paying next to nothing in tax... funded by $150m equity raise, $200m debt and they picked up some cash in the Toro acquisition which was purchased with script and debt.

Now some of this cash was used in developing Syama UG but its operations are still not cash flow positive. They’ve set themselves targets of 2.4mtpa throughput, 89% recoveries and sub $20/t ore in UG mining costs (even better than carapateena which is a sub level cave operation in commissioning like Syama UG and twice the size). All seems very ambitious and whilst i don’t mind Mako I can’t get to the current valuation. $100m cash from Ravenswood may help keep the lights on. GL

View attachment 1935790

Expand

Has Any INSTO Sold their stake in RSG yet ? No. I have not seen even one notice of change in substantial holdings which is an exceptionally good sign. What does it means, INSTO are busy swapping their trades (Book Losses for current financial year)
..
For example ::
...
Just three months back, Virgin Money went through same pattern. INSTO were busy Shorting/Selling Virgin Money below $2/Share at alarming rate. Then within 30 days, it went above $4/share.
..
Same happened to BPT just two years back.
...
Moral of story is RSG is an Excellent Buy at current price. If one have patience of few months, he/she will walk away with handsome profit
..
From current level, RSG has (90% Chance are UP, 10% Chances are going Down). In stock market, that is almost big win.

No.	Vol.	Price($)
3	143270	72.5¢

No.

Vol.

Price($)

143270

72.5¢

Price($)	Vol.	No.
73.5¢	489207	13

Price($)

Vol.

No.

73.5¢

489207

No.	Vol.	Price($)
2	100270	0.725
1	30913	0.720
3	85865	0.715
5	115293	0.710
6	442845	0.705

No.

Vol.

Price($)

100270

0.725

30913

0.720

85865

0.715

115293

0.710

442845

0.705

Price($)	Vol.	No.
0.735	80643	8
0.740	221100	13
0.745	165897	9
0.750	864393	32
0.755	80813	2

Price($)

Vol.

No.

0.735

80643

0.740

221100

0.745

165897

0.750

864393

0.755

80813

(20min delay)
Last 73.5¢		Change 0.040(5.76%)		Mkt cap ! $1.564B

Open	High	Low	Value	Volume
72.0¢	73.5¢	70.5¢	$11.81M	16.34M

Ann: Sale of Ravenswood Gold Mine, page-47

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Sale of Ravenswood Gold Mine, page-47

Top Stories

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Utah authorities sign off on Anson's lithium extraction plans at Green River

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News