Hi Hope,
As one value investor to another - you sound overly attached to RSG. Yes, there is potential upside if Bibiani is sold / Ravenswood resold / Syama starts performing. But compare that against the risks of ongoing poor Syama performance, capital requirements for Syama oxide, Mali instability, Mali tax issues, large debt etc. Value is more than just a cheap stock, it’s when the upside potential far exceeds the downside risk.
I genuinely hope hope I’m wrong and you are right about RSG, but I would encourage you to weigh it up against alternatives. IMHO there are better value gold stocks on the ASX.
Doubters, do not cry here, page-317
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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) ? |
| RSG (ASX) Chart |