Generally I find it’s good to listen to the conference call to hear the details in the reports - the Q and A is also a good insight into other details not in the reports.
Not the best quarter but still generating plenty of cash and with Gold over $200US higher this quarter I’d imagine more improvements to the bottom line.
Points of interest aside from the day to day production values etc are,
1. What will the guidance be next year? In particular when will we see increases as a result of the Syama expansion?
2. What are the plans for excess cash into the future? Any thoughts of dividends? - yes I get they are putting money back into the business to expand but they should still be generating excess cash.
3. Ravenswood still has b/w 60-70 million outstanding and next year if not paid generates a high rate of interest. Also if it is sold are there any plans for the proceeds? Could be 100-150 million there as well ( maybe a special divi?)
4. When could we expect any mining to take place in any of the other projects?
I’d like to see what we can expect over the next 3-5 years as if they can expand to over 400k oz a year ( or more) at a similar AISC I think we could expect some serious growth in the share price . my thoughts only - good luck
RSG Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
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