RSG 10.5% 42.0¢ resolute mining limited

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  1. 8,035 Posts.
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    Jay.
    I have stated before.
    It is my bitter disappointment with what they have done.
    To me they have destroyed my chance to make a lot of money.
    Maybe some of it comes from the failure
    Of other posters to get their head out of sand and see what has happened.
    In my opinion the reason the share price
    is $1 and not $3 is very poor decision making.
    If what was stated in the 2016 CR was followed. They would have 2 mines already operating at full tilt producing 400k oz
    They would have no debt and enough cash
    To fund Bibiani.....They could have looked at buying up another asset as well.

    Too waste time money and production
    To worry about some automated masterpiece doesn't sit right with me.

    Another thing is the fact that no time line
    Was set from the start of the development
    and no costings. How is it possible to say on time and on budget. All the while saying in line with company expectations.

    I honestly thought that the sulphide plant would have produced at least 25k oz this
    quarter....maybe even 30k

    The sulphide plant itself should be humming as it just had maintenance done and improvements made.The company
    Stated that improvements had already been shown at the end of last quarter.
    Over the last quarter they were to have used stoping ore and some cave ore in December.....These should have been higher grade than the stockpile.
    So obviously there is a problem.

    For some reason some think things are going to plan...well they are not.

    I am sure if RSG get to $2... I will be holding. As I said a year ago something was on the nose. Since then guidance has been missed and $178 million debt added .
    I wonder why only Goldbear, Loki and myself could smell it.
    Maybe it is because we make money
    From investing in gold stocks.

    Sorry if there are any spelling mistakes.
    Afterall that is the main thing that makes a good post......

    Cheers
 
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Last
42.0¢
Change
0.040(10.5%)
Mkt cap ! $894.2M
Open High Low Value Volume
39.0¢ 44.5¢ 39.0¢ $26.77M 63.36M

Buyers (Bids)

No. Vol. Price($)
2 30000 41.5¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 512051 6
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