Resolute Mining - How Low will it go ?

[Daytr]

Very nice close up 13% for the day!
Not bad considering a few goldies were off particularly at the start of the day.

[Daytr]

Quarterly due out any day. I'm expecting a bumper with reduced costs mostly due to lower fuel prices.
Lower Aussie should see much better returns for their Aussie production as well.

[Daytr]

Good quarterly, perhaps a turning point.

[Daytr]

I've bought back into these puppies. I looked back at the start of the thread & in 2013 at 73c I thought it was cheap.
A lot has happened to the POG in that time & its now trading 24c which is pretty near its lows.
315k of production, some great & reasonably high grade resources & future projects.
A$150M market cap & they are starting to prove they can operate in a low POG environment & still repay debt.
Sitting on over A$50M in cash & equivalents.
A$118M of debt & reducing.
SP performance will be dictated by the POG obviously. The market is massively short & starting to stagnate.
Do the hedgies have another crack at forcing it lower or short cover a very large position?

[Daytr]

Great presentation at Diggers & Dealers from the new CEO of RSG.
Relatively low costs and large production and market cap of A$153M!
This is looking like very good value imo.

http://www.aspectfinancial.com.au/do...A==&popup=true

[Joshuatree]

Wow from $153 mill mkt cap to re a $ 1billion now in less than a year ! s/p $1.55 atm up another 11% today

[JBmurc]

Looking cheap once again so in at $1.04 great growth profile ....T/A wise strong support at these levels>>

[JBmurc]

https://seekingalpha.com/article/408...r-52-week-lows

Summary

Resolute Mining is underperforming its peer group since the GDXJ rebalancing act ended on June 16.

The company remains fundamentally sound, featuring a strong balance sheet, aggressive growth profile, and high-quality long-life assets.

Shares of RMGGF are a buy at today's prices especially given the fact that the stock is trading at a 46% discount to the last fund raising.