Resolute to sell Ravenswood, page-8

There are several possibilities for JW's latest outburst, namely JW is -

1. A visionary leaser who will lead RSG to become a highly profitable behemoth gold producer based on Africa;

2. A visionary leaser who will lead RSG to become an semi or unprofitable gold producer based on Africa

3. Is suffering from megalomania;

4. Been affected by the African sun;

5. Does not understand that investors buying gold miners want the benefit rising gold mining companies share prices no matter where their gold comes from as these companies are a leveraged play on the price of gold;

6. Believes that Ravenswood is going to take too long to get up to its full potential and absorb a lot of capital along the way - kind of true when you look at the latest plan for this mine.

7. Does not understand the benefits from investing in a range of international jurisdictions with varying degrees of country risk (ie never heard of risk diversification);

8. Wants an excuse to move RSG's head office to London because of the better night life he may experience there

9. Does not think that 120-140k ounces gold production per annum in a safe jurisdication is such a big deal because he can build a mine in ISIS riddled Sudan with a similar output from the proceeds of the sale of Ravenswood

10. Is starved for more capital sources to fully fund the development of Syama (the Colinchi thesis) plus Bibiani.

11. Has been taking advice from Esh to go big on developing all the gold deposits at Syama concurrently and reach 600k ounces per annum from that area within 2 years.

12. Thinks that change is sexy;

13. Has not been getting enough exercise to feed the required amount of oxygen to get his little grey cells fully functional.

14. MacBank has been whispering in his ears to do deals so that they can make some dosh while he believes the deals are good, especially punting on assets in ISIS hot spots such as Egypt and Sudan.

This is all rather trying - I wanna cry, but its not the manly thing to do. Is it too hard to stick to a plan and deliver on it? Can we please get Bob Vassie to replace the Moose - just pay him double what he is getting at SBM. It would be worth it.

This rant will sink the share price for the next month or two. There seemed to be some fundies buying in recent days, but I think once this rant has been digested they will vanish.

I was going to do a write up why I agree with Worzel's post that the December Q production from Syama sulphides is way below par, hope to do it later when time is available. Basically the quarter was saved by the high grade oxide ore from Tabakoroni.

loki (Is JW really a giant blow fly captured in a bottle?)