RSG 3.13% 38.8¢ resolute mining limited

Something Fishy Here!, page-81

  1. 11,185 Posts.
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    Do you really think the big money is in RMS? I'm not even going to go into the comparison of the fundmemtals on that one. If the A$ gold price was trading back at the level it was trading at just a little over 2 months ago their Edna May operation would be completely underwater now. Holders there just got extremely lucky that the A$ gold price is up about $170/oz in about 2 months. There is no way that RMS could raise $US150 million at a drop of a hat from banks based on their short term reserves, just wouldn't happen. The big money is on this stock, it just tipped in a significant credit line.

    If you think fundamentals don't matter I really can't have a discussion with you. NST on its way to becoming a bubble based its success on fundamentals. It too has also got a shot in the arm with the rising $A gold price. It's quarterly report was very revealing and a shocker. RSG's AISC for the Dec quarter was lower than NST's and RSG was still in the early ramp up stage of its most important asset.

    If you guys don't like this stock don't buy it, but don't start reading too much into the short term share price movements. We have two to three quarters to ride out before we can tell if this is a winner or not. Esh
 
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Last
38.8¢
Change
-0.013(3.13%)
Mkt cap ! $1.543B
Open High Low Value Volume
38.5¢ 38.8¢ 37.5¢ $567.5K 1.477M

Buyers (Bids)

No. Vol. Price($)
13 612341 38.5¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 350746 13
View Market Depth
Last trade - 10.19am 26/11/2024 (20 minute delay) ?
RSG (ASX) Chart
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