The only reason RSG will go up is the gold price. Sub 90c...

The only reason RSG will go up is the gold price. Sub 90c without the gold price, the annual report will be a horror story. you don’t raise $250M to stabilise your existing assets unless you are in serious trouble. This was a complete refinancing and yet significant debt still remains. Syama UG is still not expected to achieve planned rates until the middle of the year, this is 18 months after the first cave was blown. The best thing JW does is make excuses and muddy the facts. The “ore blanket” never factored into forecasts or dialog until an “explanation”/excuse was needed. The sulphide and oxide operations are now to be combined for reporting purposes and the often repeated 300koz production and $750 AISC forecasts have become longer term targets. Mako has even shrunk from 7 years to 6, and with its production profile at least the last 12 months won’t be pretty......... The Emperor has no clothes.

......and I don’t think Stuart Gale is any form of solution - can’t find any evidence of the “gun” status some seem to want to apply. RSG doesn’t need another finance person, JW is supposed to be a finance guy, they don’t need two.....How about someone who knows mining???........Had to chuckle when JW credited SG with completely reorganising the finances of the company in less than 48 hours in the job.......The banks would have told him weeks/months ago he wasn’t getting any more funding......At least the CR will be completed before the world sees the annual report and the quality of the Emperor’s new suit.