It's clear that many posters on here have lost any sort of objective reasoning with RSG. Sometimes I'll log on and read the comments from a good announcement and the posters will be fuming. We've had posters on here saying Ravenswood should be on care and maintenance and then they sell it for $100m to $300m and they're dissapointed. Some think Mako is a dud and the others think it's been hammered into the ground - because um ah they have been mining gold. Management performance has been terrible because Syama u/g has disappointed yet the outperformance of the oxide and Mako purchase is a miracle or a smokescreen. They're upset if Syama power doesn't get up and they're disappointed if it gets up and saves a squillion because they have to tip some money in.
So what are some of the positives?
1. Excellent Chief Financial Officer appointed
2. Syama power supply agreement - 40% electricity cost savings
3. Excellent Mako performance with exploration success
4. Excellent oxide performance with exploration success
5. Syama sulphide fully commissioned including world leading automation - no issues flagged
6. High grade stockpiles ready for production this quarter
7. Ravenswood sold for $100m to $300m
8. Bibiani likely to be sold
9. Project 85 to result in recoveries to be boosted to 85% or greater
10. Addition of a low carbon roaster will increase recoveries from 85% to 89% (haven't heard much about this though of late)
11. Dividend payer
420k ounces at Under USD$1,000 in a likely gold bull market. $180m in cash, bullion and investments around $180m gold in circuit, likely around $150m for Ravenswood incoming over various stages.
Of course there are negatives that we hear about daily and it's a turnaround story so risk attached, but i'd be very surprised at current prices if we don't hit around $2 in 12 months time.
Anyway plenty of detractors who think it's heading under $1 so we'll see who's right in the fullness of time.
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