Spot on Esh. RSG's current valuation is largely all on the success/failure of Syama and monetising Ravenswood makes sense.
The thing that hasn't made sense to me is why JW has spent so much time on trying to expand this project when it was obvious from the start that it was going to be a very high cost low grade mine. Unfortunately, I believe this has been to the detriment of their African projects - Syama and Bibiani. I heard through my fairly reliable grapevine that Bibiani has become the new flavor of the month down at 15 William Street. How the worm turns. A sale is the right move in the current ausgold market. There'll be plenty of buyers.
Resolute to sell Ravenswood, page-35
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Last
67.5¢ |
Change
-0.010(1.46%) |
Mkt cap ! $1.437B | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 67.5¢ | 64.8¢ | $10.88M | 16.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36098 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 377203 | 5 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RSG (ASX) Chart |