RSG 1.23% 40.0¢ resolute mining limited

You really are impressed with yourself aren't you......I was...

  1. 1,107 Posts.
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    You really are impressed with yourself aren't you......I was encouraged because we had actually started to discuss things that were moving the discussion forward. You just want to score points by showing how brilliant you are at the expense of others, rather than encourage the development of ideas for the benefit of all. I think it's a bit rich to criticise my forecast when you didn't even have one, yet you are adamant things were as expected with nothing of substance to back it up. Now you have a forecast, .....well done you've made some progress. I made my forecast about 2 months ago in about 10 mins to give me a base line not expecting to share it here, I notice you finished yours after 12pm last night about a week after the information was released and you were forced to actually think about it in some depth.

    " The first guidance for the Syama UG ore production was given in the June quarterly on the 24th of July 2018."........... I saw that Your Smugness, and it was factored in as per my comment re higher grade and volume qtr on qtr.

    Bottom line, Sulphide production will not meet the 136koz guidance as it it is not physically possible to do it.

    Missing guidance is a funding issue because there is a short fall in funds produced. It doesn't mean it's a problem unless the shortfall cannot be met by 'spare' funds currently held, or the over-performance of another part of the business. But it does require the adjustment of internal cashflow models and is worthy of attention. If the oxide plant hadn't over-performed it would be of much greater concern.

    "As mentioned before the only concern for me about my investment in RSG is that the ore ramp-up proceeds to the expected levels, roughly within the expected time frame, and that the targeted recoveries from Project 85 are met and that steady state UG ore production can be sustainably maintained with few interruptions"

    It amuses me that you say this. The whole point of preparing forecasts is to help determine if things are progressing as planned. A valuable discussion started here to address this very issue, but unless people have the same view as you, you hound them to shut them up. I've always found that the more eyes you can get on a particular problem the better the outcome, but if you only want to hear from people who agree with you then there is only the potential for one answer.....good luck with that.

    The reference to the emperor with no clothes was referring to your defence of the sulphide gold production based on the reported UG mining rates -two very different things - without anything of subtance to support your point.....and as has been shown, production will NOT meet the company plan so something was gone wrong somewhere.....At least the work you did last night provides some substance to help your thinking going forward.......Maybe I can now refer to you as "Captain Underpants".
 
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