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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.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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Good quarterly, perhaps a turning point.
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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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?
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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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
Hopefully you find my posts helpful, but in no way should they be construed as advice. Make your own decision.
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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
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Looking cheap once again so in at $1.04 great growth profile ....T/A wise strong support at these levels>>
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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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.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Anyone checked out Resolute (RSG) Mining lately. As per JB's post from 2017, always had been the perennial underperformer. They used to be a client if mine and always had big overheads etc & difficult mines.
Well from what I have read to date that could all be changing. They are now debt free & have delivered into their final out of the money gold hedge.
Estimating 360k toz gold production.
Market cap of A$990M.
I ball park they will generate around $400M of free cash in this year & that's after capital expenditure on another project.
Seems massively undervalued now.
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Originally Posted by Daytr
Anyone checked out Resolute (RSG) Mining lately. As per JB's post from 2017, always had been the perennial underperformer. They used to be a client if mine and always had big overheads etc & difficult mines.
Well from what I have read to date that could all be changing. They are now debt free & have delivered into their final out of the money gold hedge.
Estimating 360k toz gold production.
Market cap of A$990M.
I ball park they will generate around $400M of free cash in this year & that's after capital expenditure on another project.
Seems massively undervalued now.
400M of free cash in this year? 5 times what they have ever made before??
Seriously? Are they going to win LOTTO?
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Originally Posted by SailorRob
400M of free cash in this year? 5 times what they have ever made before??
Seriously? Are they going to win LOTTO?
You obviously haven't looked at the reports.
Increased production, delivering into the current gold price, not their out of the money hedge book anymore. No more debt, paid off last quarter.
Production likely to increase substantially further in the year following.
Perhaps do the numbers before going off half cocked.
Wouldn't expect you would put any serious thought into it on your track record.
Your too busy with the chip on your shoulder.
Just more rubbish from SailorBoy.
SailorBoy saying no, surely is the ultimate buy signal. 🤣
Last edited by Daytr; 14-05-2024 at 09:13 PM.
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