RSG 0.69% 72.0¢ resolute mining limited

well done elze. I did the same.I wonder if they will push ahead...

  1. 11,124 Posts.
    lightbulb Created with Sketch. 632
    well done elze. I did the same.

    I wonder if they will push ahead with the NMG project in the face of falling POG? Maybe they can exercise their rights under the loan agreement and simply take it over. Then just mothball it until things improve.

    RSG could be back to the 60 cent range at some stage.

    Given that Syama is a relatively lower cost mine they can just keep it going and put the OZ mine on care and maintenance to save capital expenditure. There is large expenditure due in Syama to further lower costs and this is what they should focus on.

    The dividend they paid last year was a waste of money, although it excited a lot of people - as was the share buyback program.

    I expect RSG will survive.

    loki
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
(20min delay)
Last
72.0¢
Change
-0.005(0.69%)
Mkt cap ! $1.532B
Open High Low Value Volume
74.5¢ 74.5¢ 71.8¢ $15.82M 21.68M

Buyers (Bids)

No. Vol. Price($)
7 419212 71.5¢
 

Sellers (Offers)

Price($) Vol. No.
72.5¢ 270718 4
View Market Depth
Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
RSG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.