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42.0¢ resolute mining limited

Good point low wage area and automation. Ive seen in philippines...

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blighty

235 Posts.

36

07/12/21

10:38

Post #: 58122220
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Originally posted by ChristopherC: ↑

The only reasons I continue to hold are , I am bullish the gold price and I also expect a rally running into Christmas.
I do believe management are trying to rectify the debt situation that that clown Welborn inflicted on the company with his over capitalisation of Syama, thinking automation was an appropriate solution in a low wage durastiction whilst ignoring the issues with the sulphide circuit, but that's all in the past, thank God. With an average buy price of 80 cents, I would be happy to recover my capital ,hopefully sometime early 2022, and then exit and move on to greener pasture. The only caveat I put on that, is I might stay if I get the feeling that current management are going to hit a home run with their strategy.

Christopher

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Good point low wage area and automation.
Ive seen in philippines very low wages+++ unemployed , they use a whole bunch of men to load logs onto a truck by hand

RSG Price at posting: 35.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 42.0¢		Change 0.005(1.20%)		Mkt cap ! $894.2M

Open	High	Low	Value	Volume
42.0¢	42.5¢	40.8¢	$3.153M	7.571M

Buyers (Bids)

No.	Vol.	Price($)
6	101042	41.5¢

Sellers (Offers)

Price($)	Vol.	No.
42.0¢	255617	16

View Market Depth

No.	Vol.	Price($)
6	101042	0.415
8	524980	0.410
15	494525	0.405
30	1009533	0.400
10	324699	0.395

Price($)	Vol.	No.
0.420	255617	16
0.425	446138	10
0.430	467087	8
0.435	55031	3
0.440	248687	7

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 41.8¢			Change 0.005 ( 0.63 %)
Open	High		Low	Volume
42.5¢	42.5¢		41.0¢	2608241
Last updated 15.59pm 06/05/2024 ?

RSG (ASX) Chart

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