Ann: Production Update December Quarter, page-29

I think this quarterly report can be considered a mixed bag although I would see it as leaning towards positive.

Positives

- Syama mine production recovering back to 56.2koz, which is returning to the type of rate of production in the previous periods. 

- Syama oxide is hitting record levels

- Underground mining coming into play in December, meaning that the best is yet to come

- Bit of hindsight but today the gold miners are generally getting battered while RSG is able to stand up (haha, this is a bit of cheating, so feel free to boo and hiss)

Negatives

- Net debt position increased given $41m increase in debt and $4m lower in cash, bullion and listed investments

- The company has spent big on its mine expansions and we still are awaiting the full effect of the benefits - budget on expansion may have overblown but we are not sure since the information relating to this have been delivered over the 2 years but we seem to not be completely informed

Anyway, I am not one to fully cheer about RSG at this stage but I am not going to trash it. I think this company is indeed testing the investor's patience and some are wearing very thin. If you are quietly confident, bite your lip and do not pay heed to the growing chorus of "I told you so that this company sucks etc". If you are upset still with this company, sell your stocks and feel free to post your opinions on the company's conditions. However, if it is all about how you know better that the management is terrible and that you have made all your profits selling and wondering why people would believe in the company etc, my opinion is that you should not be given the attention anymore. Go somewhere else.