RSG 5.38% 61.5¢ resolute mining limited

Ann: Trading Halt, page-30

  1. 4,302 Posts.
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    Unsurprisingly, you've missed a whole lot. The lack of cash available now and the need for a capital raising is in part due to the poor decisions in the past. Hard to work out the totals without a full forensic analysis of shareholdings but I estimate they've spent about A$40-45M on juniors now worth ~$30M. Aside from the value lost, if they hadn't bought these stakes then they may have avoided a capital raising by restructuring debts.

    The Orca Gold original stake alone in 2018 was A$25M at 67.5 cents. Orca Gold share price now = C$0.32. Worth= A$9M

    Oklo Gold, average buy in price appears ~25 cents. Current price=17 cents. They hold ~38m shares so we'll call that $10M bought that are worth $7M

    Loncor up ok in last 6 months. Mako, Manas inconsequential but both have tread water since Resolute bought in.
 
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Last
61.5¢
Change
-0.035(5.38%)
Mkt cap ! $1.309B
Open High Low Value Volume
64.0¢ 64.8¢ 61.0¢ $6.159M 9.878M

Buyers (Bids)

No. Vol. Price($)
7 97876 61.0¢
 

Sellers (Offers)

Price($) Vol. No.
61.5¢ 35050 2
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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