RSG 0.00% 40.5¢ resolute mining limited

Esh must have short memory. The reason they cannot be trusted is...

  1. 5,747 Posts.
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    Esh must have short memory.
    The reason they cannot be trusted is clear

    One only has to read the CR announcement.
    Believe what it states.
    Then read the last quarterly.

    From memory $150 MILLION was raised
    To fund the Ravenswood Expansion Project.
    and $97 million for the Syama underground
    was to be funded from production
    and existing cash

    They had $260 million cash Now they have net debt
    and just increased thier debt facility
    By $50 million USD.

    What is the absolute worse
    is no other budget was ever mentioned
    Yet they keep stating on time on budget.
    There should have been a dfs...but there is none.

    Last year they missed guidance
    Yet they only came clean a couple of weeks
    before the end of the year.
    It had to have been clear at least 3 months earlier.

    In my opinion They are serial trust breakers.

    Cheers
 
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