RSG 1.23% 40.0¢ resolute mining limited

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  1. 5,747 Posts.
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    Wilbur
    I expect the SP will hover between $1.10 to $1.20
    until there is some real improvement with the sulphide plant
    That could be a few months away.
    That is also if management can come up with some plausable explanation
    for the suphide result....
    I still feel the SP is too high based on the result
    and the cash position.

    Confused
    If you read the September report.
    It states it was a milestone in processing stopping ore.
    It also states cave ore will be processed in December.
    This was to be fed along with stockpiled ore.
    The report also stated improvements were already being seen
    The report came out 3 weeks into the December quarter
    with only 10 weeks to go.
    Hmmmm.....maybe it is just my imagination.

    Cheers
 
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