RSG has failed to successfully ramp up the Syama plant. Production in July was 7,000 oz but fell to a disasterous 4,114 oz in August with September expected to be similar. At these rates they are not even achieving 20% of the 250,000 oz/year production. They claim costs are $9M/month at Syama so with production at 4,100oz they are losing about $4.3M/month.
Shareholders are paying for the mangement/board failure to deliver. Blue sky exists but if RSG doesn't get it's act together RSG will falter & be forced into receivership. Unfortunatley I have a holding in RSG.
Ann: Trading Halt , page-5
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Last
70.5¢ |
Change
-0.005(0.70%) |
Mkt cap ! $1.500B | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 71.0¢ | 69.0¢ | $9.005M | 12.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 151500 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.5¢ | 99995 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RSG (ASX) Chart |