what a shame that the company had the cost blowouts etc etc. watso got a call from pattersons to see if he would put money in, but decided not to. watso has enough of the stock as it is
everything is so easy in hindsight
will syama deliver - well, of course no one knows, till it happens. oil prices are down, so there will be a good saving on energy costs. in the downturn, there is a better chance to source good people.
the margins mentioned look good - ie us$500 per oz. 250,000 oz per annum (but 50,000 oz would belong to the government, who are free carried) - anyway 200,000 oz at a margin of us$500 per oz, still equates to a cash margin of au$150m per annum. if this evenutates, then the share price should see $1 again. mmm - small solace, when they were $2 only a short time ago - but then again, a lot of other stocks have been hit
RSG Price at posting:
61.0¢ Sentiment: None Disclosure: Held
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