RSG hasn't had positive cash flow for many quarters now. Syama sulphide figures are terrible in three aspects: processing tonnes, head grade, recovery. my view is the underground isn't commercially viable if these figures hold. The Toro purchase is intended to distract the market as well as provide much needed cashflow. It's only a matter of time before they run out of cash much less fund Ravenswood and Bibiani.
I sold my entire holding after the quarterly report.
RSG hasn't had positive cash flow for many quarters now....
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Last
73.5¢ |
Change
0.040(5.76%) |
Mkt cap ! $1.564B | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.5¢ | 70.5¢ | $11.81M | 16.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 143270 | 72.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.5¢ | 489207 | 13 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |