RSG 10.3% 43.0¢ resolute mining limited

Funny thing the markets Also what is known by some and not...

  1. 8,033 Posts.
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    Funny thing the markets
    Also what is known by some and not others.

    I mean the punishment handed out to RSG
    After a CR at almost $2
    Driven down to under $1 with gold near $1300

    At the time I thought it was crazy.
    Plenty of cash and more than half of the $162 million budget
    Already spent.....The market knew better.

    Almost a year on and RSG has $132 million debt.
    Gold at $1220...Ravenswood expansion delayed
    Bibiani on the never never.

    I dont know a lot about underground mining
    But I assume it is a matter of digging underground
    and Getting the ore to the plant.
    Not that much different to open pit.
    These guys are making look like rocket science.


    Bottom......I doubt it.

    Cheers
    Last edited by colinchi: 01/11/18
 
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