I made some profit on RSG but here is why I sold all my RSG shares and I will divert money to another gold miner:
- bad report issued 20 Feb 2015, with huge impairments
- current cash flow from operations is approx 0.35 cents per share ! Even if all wass paid as div it would yield just ~ 1.2%.
- AISC is pretty high which suggests that real margin might soon be negative
There are gold miners with lower AISC (eg. MML, AQG) so why stick to RSG ?
What happened today, page-62
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Last
65.5¢ |
Change
0.015(2.34%) |
Mkt cap ! $1.394B | |||
| Open | High | Low | Value | Volume |
| 65.5¢ | 66.0¢ | 64.5¢ | $3.578M | 5.469M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101345 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 246217 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |