RSG 1.23% 40.0¢ resolute mining limited

Can someone explain how an African nations government wanting...

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. 213 Posts.
    lightbulb Created with Sketch. 153
    Can someone explain how an African nations government wanting money to mine gold in their country is seen as sovereign risk and extortion but an Australian government accepting a payment 'cough cough' of a school transfer for hopefully mining concessions is seen as just good business and commitment to local iniatiatives in a low risk country?
    Lets face it, anywhere RSG has gold it's going to have to 'pay to play' if it wants to extract it.
    Every country they operate is as corrupt as the next, all that changes is the price they have to pay to extract it and Africa is cheaper, the argument that there is somehow more sovereign risk and should be priced accordingly is flogged to death on any RSG thread but why does it only apply to African plays?
 
watchlist Created with Sketch. Add RSG (ASX) to my watchlist
(20min delay)
Last
40.0¢
Change
-0.005(1.23%)
Mkt cap ! $1.543B
Open High Low Value Volume
40.5¢ 40.5¢ 37.5¢ $22.35M 57.19M

Buyers (Bids)

No. Vol. Price($)
2 14881 39.5¢
 

Sellers (Offers)

Price($) Vol. No.
40.0¢ 668567 8
View Market Depth
Last trade - 16.10pm 25/11/2024 (20 minute delay) ?
RSG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.