RSG 3.70% 39.0¢ resolute mining limited

I think that will depend on the life of mine at the open pit/s...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 11,185 Posts.
    lightbulb Created with Sketch. 2609
    I think that will depend on the life of mine at the open pit/s at Tabakoroni and the ongoing recovery from oxide and transitional ore from those pits. A high headline guidance production number for the new CY reporting period might get other people exited but not me. There is little point producing marginal ore from Ravenswood if your operational cash flows are close to zero or negative and putting a high guidance number into the market only creates room for disappointment if that mine is sold or spun-off during the year. As mentioned before I prefer cash flow and profit per ounce over producing ounces for ounces sake. Now the cat is out of the bag at Ravenswood we are better off getting that mine off the books. As mentioned in the conference call we can get much more immediate return on capital by building the low carbon roaster at Syama for minimal capital costs to treat the carbon enriched concentrates in stockpiles that contain well over $100 million in gold. That should really become a priority once the cave mine is bedded down. Esh
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
(20min delay)
Last
39.0¢
Change
-0.015(3.70%)
Mkt cap ! $1.543B
Open High Low Value Volume
40.5¢ 40.5¢ 37.5¢ $13.88M 35.93M

Buyers (Bids)

No. Vol. Price($)
63 1603181 38.5¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 586795 32
View Market Depth
Last trade - 15.40pm 25/11/2024 (20 minute delay) ?
RSG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.