Autosime
I agree with that, but I would also add that RSG has a lot of capital expenditure over the next 1-2 years relating to each of its three mining locations.
I do not know why they bothered to pay a dividend. The funds are needed elsewhere.
In addition they are taking on the money sinkhole known as Bibiani where money vanishes mysteriously without a trace. NMG must have done in some $200m "refurbishing" its plant and they still can not find the parts for the crusher supposedly held up at Customs. Given that they have to feed a whole village, resettle 3,000 people, and clear up to 250 meters of overburden to get at the yellow stuff in the main pit, I would be surprised if there is any money left to pay another dividend in the next 5 years (just kidding - well sort of).
loki (disclosure - NMG took a big bite out of my hide never to be returned as it was fully consumed on the spot.)
- Forums
- ASX - By Stock
- RSG
- why sp down??
why sp down??, page-8
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RSG (ASX) to my watchlist
|
|||||
Last
63.5¢ |
Change
-0.005(0.78%) |
Mkt cap ! $1.351B |
Open | High | Low | Value | Volume |
64.0¢ | 65.0¢ | 63.0¢ | $3.704M | 5.798M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20000 | 63.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
64.0¢ | 50395 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20000 | 0.635 |
3 | 74461 | 0.630 |
3 | 161405 | 0.625 |
2 | 63461 | 0.620 |
4 | 41421 | 0.615 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 50395 | 2 |
0.645 | 214409 | 7 |
0.650 | 614381 | 14 |
0.655 | 254869 | 8 |
0.660 | 337647 | 6 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
RSG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online