RSG 4.96% 63.5¢ resolute mining limited

Ann: Syama Update, page-104

  1. 349 Posts.
    lightbulb Created with Sketch. 15
    That is a major falsehood Jay. They had traded above $1.50 in 2012-13 (peaking at $2.06). This is when gold was between US$1700-1900/oz. Move two years ahead to 2015 and gold was between US$1100 - 1200/oz , Golden Pride in Tanzania has just closed after 15 very profitable years of operation and the Company has announced (2014) the stopping of the cutback at Syama to go underground within 3 years. 5 years on and gold is now well above US$1900/oz and just about every midcap gold operator has market caps 5-10X.

    Everyone except RSG - sitting on $1/share. Hmmmmmm.


 
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