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.
RSG has failed to successfully ramp up the Syama plant....
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61.5¢ |
Change
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Mkt cap ! $1.298B | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.5¢ | 59.0¢ | $5.904M | 9.766M |
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| No. | Vol. | Price($) |
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| 1 | 15000 | 61.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 148752 | 5 |
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