RSG 1.23% 40.0¢ resolute mining limited

Resolute to sell Ravenswood, page-117

  1. 1,378 Posts.
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    Nope - don't put words in his mouth, Esh was saying that if RSG are considering monetizing Ravenswood, there is no definite offer yet. Esh and other posters here and even RSG mangement were all commenting that the current RSG share price seems anomalous in that it dosen't reflect the value of both Syama and Ravenswood so the possible sale or disposal of Ravenswood is only a possibility at this stage, obviously Esh seems to be in the "happy to dispose of Ravenswood" camp but Esh and others were speculating about if there were going to be any interested parties and at what price could be possible. Even in Esh's low amount guess of $150M for selling Ravenswood, its still $150M, and it frees up management time and capital that would be spent trying to expand Ravenswood.

    You seem to know nothing about gold mining, or the operation that RSG has, the sulphide circuit at Syama isn't a bottleneck, because, as has been explained to you numerous times by many previous posters the recent production statistics are from in incomplete production period where the mining is just ramping up and they depleted existing oxide surface stockpiles rather than have the mill sitting idle. If your breezy suggestion is that RSG should have had an increased oxide circuit then that ignores that the majority of the mines resources in the future are mostly sulphide and not oxide. Why would you suggest they spend more money on an oxide circuit that would be idle when they run out of oxide ore?

    Luckily RSG management don't pay any attention to your poorly researched and vague posts or they would still be looking for Mali in the Horn of Africa...... you are just embarrassing yourself now.
 
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