RSG 0.00% 52.0¢ resolute mining limited

Ann: Syama Update, page-170

  1. 3,702 Posts.
    lightbulb Created with Sketch. 1081
    The house of cards clearly lost its hot air when JW moved on. Smoke and mirrors can only disguise for so long.
    Not sure if it is "steady as she goes" or "survival mode".
    Even without this Bibiana upset, some of us were waiting for further write-downs or balance sheet impacts of one kind or another.
    Reducing the debt now becomes a serious issue, I would think, with RSG debt at 27.5c/share based on last quarterly and there is talk of an equity raising. I hate to think what that will do to the SP.
 
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