RSG 0.00% 41.5¢ resolute mining limited

I'm betting there's a couple more little bumps in the road...

  1. 1,107 Posts.
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    I'm betting there's a couple more little bumps in the road before production settles down. I stand by what I said about Q2 being a shocker('arguably below expectations' were the words I first used before the argument blew up), but I have never said I expect it to become a trend. The uplift I expected to see in Q2 will hopefully appear in Q3......As I said at the very start it's a sign for caution......the risks as I see them are short term funding and the on-going cost base.......yes extensions to existing facilities have been mentioned, but the current limit is maxed out and no uplift announced. These things may have been discussed, but the company is burning cash quickly and the bank may be less willing to extend terms. What I would want to know if I was the bank, however, is to understand why the current sulphide gold production is so far behind plan - for them I'm sure it is important......critical even.
 
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