Hi Propagandista and all,
The ASX announcement of 12th of August 2015 was extremely positive with a 27% increase in Gold at Talang Santo. And if they ever get down to the much talked about and promised level 5 they may possibly access the fabled Splay vein with its spectacular gold grade.
Now all they need to do is safely dig the stuff out of the ground transport it to the mill and complete the processing it’s just mining not rocket science!
I believe the MD Scott Huffadine reads these threads on occasions if he is reading can he please pass onto his team that the shareholders are becoming restless waiting for the promised production ounces. OK the insider boy’s options failed but that is not the general shareholders fault the company sets the targets and they had a fair chance they could have met them had they tried hard enough.
This is not a gentlemen’s club for insiders only it is an ASX listed company and every day it is judged on its merits and this reflects in the share price. Just in case anyone has forgotten!
We keep on hearing about these fantastic grades and the fact that they are open at both depth and along strike, that being the case where are the production ounces? And please explain these foreign exchange transfers $3.19M is not inconsequential?
I was in a company called SMC mining up in Charters Towers years ago and they managed to keep their heads above water mining 4 gpt and a Gold price a lot lower than today in AUD$. With these grades and potential and with a miner that specialises in this type of mining I just understand what the Hell is going on!
If this stock is to languish at the current levels much longer due to the inability of the current MD to bring in what he has promised in the numerous extremely positive announcements then perhaps he should review his future job options.
Personally I am considering moving my funds to another company ASX- RSG as they are at least managing to achieve what they promise.
http://www.fool.com.au/2015/04/29/heres-why-resolute-mining-limited-shares-soared-10/
The only thing that stops me for now is I know we have great resource at Talang Santo and that there is good potential for more Gold on the lease, I know they have a good well lead mining team I just don’t understand what is going on and where are the promised ounces?
Scott Huffadine Please explain it is after all what we pay you for!
And please feel free to shut me up whenever you are ready; nothing would give me more pleasure for you to one day inform the market you have reached a specified production goal!
Cheers and very best regards: Andy
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