RSG

7.27%

51.0¢ resolute mining limited

Short Squeeze?, page-11

First 11 Last

ramAustralia

22,548 Posts.

125

31/05/21

17:34

Post #: 53543555

Originally posted by jayneen: ↑
Huge short position. Especially in a macro environment which is long gold.

Seems likely that the short position is being taken by investors with analytical ability and supported by strategic logic.

My guess is the big short position motivated in part by big computer power algorithms assessing:
- Jurisdiction. Mali is increasingly dangerous from every key risk perspective.
- Technical. "Roaster upgrade scheduled". Roaster issues equals low production and high cost. It is a problem that is not going to go away.
- Financial. Big debt pile and limited pathways available to repay. Not currently making any free cash.
- Growth. None. Production profile is falling and requires large sustaining and non-sustaining capital.
- Lack of returns. Dividend policy has been quietly dropped.
- Management and Board. Directors own no shares and none of the incumbent directors are serious miners. If you chart the track record of the individual directors in other stocks the resulting line of best fit is a very ugly red line indicating multiple examples of generating significant losses of shareholder value over time. RSG is run as a club - very comfortable slow moving conservative strategies which sustain status quo.
- T/O veto. Usually shorters would be worried by and limited by the threat of a take over. RSG has very limited TO threat due to the issues above.
- Lack of any available positive catalyst. There is simply nothing I can think of that could make this jump upwards. Recent management and board changes are simply more lipstick on the pig and make no material difference to direction. Exploration team are non-existent other than as a cost center. Operational performance improvement is a long road that seems to be doomed by bad luck and technical setbacks.

I suspect will be a slow drift downwards from here (unless we see a strike/coup/roaster event which could cause a sudden plunge).

Oh, and if you are in the "About to fly" "Get set we are going to the moon" camp please fire at will. Just tell me what I am missing. RSG does not make any money, has no intention of paying a shareholder dividend, has serious operational problems, and has no growth agenda and nobody who could drive one if they did have.
Expand
Mr Adrian Reynolds Non-Executive Director May 2021
1 Mr Stuart Gale Chief Executive Officer,Managing Director Jan 2020
2 Ms Sabina Shugg Non-Executive Director Sep 2018
3 Ms Amber Stanton Company Secretary,General Counsel Aug 2017
4 Ms Yasmin Broughton Non-Executive Director Jun 2017
5 Mr Mark Stephen Potts Non-Executive Director Jun 2017
6 Mr Marthinus (Martin) John Botha Non-Executive Director,Non-Executive Chairman Feb 2014

	Mr Adrian Reynolds	Non-Executive Director	May 2021
1	Mr Stuart Gale	Chief Executive Officer,Managing Director	Jan 2020
2	Ms Sabina Shugg	Non-Executive Director	Sep 2018
3	Ms Amber Stanton	Company Secretary,General Counsel	Aug 2017
4	Ms Yasmin Broughton	Non-Executive Director	Jun 2017
5	Mr Mark Stephen Potts	Non-Executive Director	Jun 2017
6	Mr Marthinus (Martin) John Botha	Non-Executive Director,Non-Executive Chairman	Feb 2014

RSG Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held

Upvote

0 Great analysis

There are more pages in this discussion • 584 more messages in this thread...

First 11 Last

Add RSG (ASX) to my watchlist

(20min delay)
Last 51.0¢		Change -0.040(7.27%)		Mkt cap ! $1.085B

Open	High	Low	Value	Volume
53.0¢	53.3¢	51.0¢	$9.775M	18.89M

Buyers (Bids)

No.	Vol.	Price($)
16	468908	51.0¢

Sellers (Offers)

Price($)	Vol.	No.
51.5¢	6078	1

View Market Depth

No.	Vol.	Price($)
13	242018	0.510
6	209254	0.505
8	206479	0.500
5	128775	0.495
4	105914	0.490

Price($)	Vol.	No.
0.520	52764	1
0.525	290783	8
0.530	970667	9
0.535	120764	3
0.540	226456	3

Last trade - 16.10pm 14/06/2024 (20 minute delay)


Last 52.0¢		Change -0.040 ( 4.59 %)
Open	High	Low	Volume
53.0¢	53.3¢	51.5¢	4019158
Last updated 15.59pm 14/06/2024 ?

RSG (ASX) Chart

Short Squeeze?, page-11

Featured News

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Dominos looks tasty and tempting, but could be too spicy and even dicey

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

Lightning spots additional pegmatites during first Brazilian visit

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Triangle gets approval for Perth Basin carbon sequestration project

Buyers (Bids)

Sellers (Offers)

Featured News

Short Squeeze?, page-11

Featured News

Top Stories

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Dominos looks tasty and tempting, but could be too spicy and even dicey

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

Lightning spots additional pegmatites during first Brazilian visit

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Triangle gets approval for Perth Basin carbon sequestration project

Buyers (Bids)

Sellers (Offers)

Featured News