er... nup. dec 2016 qtrly missed guidance. march 2017 same and...

er... nup. dec 2016 qtrly missed guidance. march 2017 same and resulted in downgrade guidance I and others had been forecasting. 

at same time and also as partially a result rsg blew through more funds than it anticipated

new syama autonomous mine was flagged before - hadnt been badged as aggressively as rsg/sandvik was still working up the proposition

ive got no major issue with how things have been managed to date - some slide right bs to try to keep sp propped up - but not eggregious

the point was not to disparage mgt - think i was clear. the point was just to help people think clearly who clearly have some rose coloured perceptions

all of which is why market went to 'wait and see' on RSG SP in 2018 while other 300koz asx stocks re-rated significantly

based on my own experiences with miners Id say Syama will deliver close to whats been outlined - but I would say theres a sizeable risk of overall needing more capital than outlined to this point

could well be relatively incidental though if we get to a gold bull market - soggy 'optionality' development stories get priced very differently if market gets bullish about future gold price values

CEO - playing with house money - has made huge bets basically on a rising gold environment. not just in operations but in picking up junior exposures

makes rsg the highest risk highest return mid scale producer bet on the asx gold sector atm imo - even above slr