The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Good video thanks, i like all these guys
Update on ravenswood payment soon 50m plus the increase amounts on profitability upto 300m
Great webinar on gold. Eric Sprott, Pierre Lassonde, Michael Oliver, Luke Gromen, Ned Naylor-Leyland and hosted by Simon Catt.
https://metallic.media and scroll down to first video.
Some very interesting gold price forecasts!!!
Nothing new - wouldn’t surprise me to see this flat by close - good opp to top
Up
I am trying to think how a nationalization of a gold mine operation would work out in Mali.
Are the Mali ministers or military suddenly becoming experts at mining gold? Is it not better to just get the tax revenue? Is it not this the reason why they are introducing the new mining code?
We love the fundamentals of this stock and hold a small stake.
But how seriously should we take the Mali country risk? Military government. New mining code. Islamists operating in the region. Rumours of forced nationalisation of another gold mine. Time to buy on the dip, or time to sell?
Funny how an article from the 8th April about Wagner eying up barricks gold mines gets recycled on mining .com yesterday and all the Mali exposed gold stocks sell off .......
Should be the next update at end of this month
Gold hedging finished in march 2024 so they are on variable rate could let it run or lock in these prices will be intresting to know on the next update and dividends
Just bought in here.
Price was too good a bargain to pass up on.
The sector is hugely undervalued, this should be turning around now/soon.
Be amazed if we don’t see this over 30p by end of next week
Imo they could potentually hedge oz the gold as it nears $2500 level that would be a brilliant play if that happens
Market makers want this to breakout i can sell the lot where as i was limited to 940 shares before easter
Totally agree with you. I hold PAF but this is my bigger holding as I see a bigger re-rate with RSG. It is time soon for the miners to have a bull run with interest rates likely to drop this year and the US Dollar is only going to loose value over the coming years. RSG is cash rich now, 11m oz in the ground, production to increase while AISC to drop. Add to this that a dividend will likely start this year which will bring in more investor. It is certainly a hidden gem that most investors don't see.
With a forecast aisc for 2024 of $1350 and production of 355,000 oz this has got to be cheapest gold miner around. There market cap is just over £400 m which is the same as pan African resources. There reserves at syama are 3m oz and adding yearly. They have several good prospects around mako inc 330,000 resource to extend that mine well into the future. They are debt free and at these gold prices are making $5m a week. Add to this the potential 150 m aud they will receive this year from the sale of ravenswood. This is a rare opportunity . I bought 125,000 of these beauties in small tranches last week and I intend to leave them a year
"The 3 analysts offering 12 month price targets for Resolute Mining Ltd have a median target of 31.65, with a high estimate of 33.23 and a low estimate of 27.69. The median estimate represents a 52.14% increase from the last price of 20.80."
Guess the tip in I.C. magazine today has helped.
Makes the 30p new broker price seem cheap.
Yep looks a very strong case to continue to load up at these levels
Taking lower end production from 2024 guidance (345,000 - 365,000 oz) and higher end costs from expected AISC ($1,300 -1,400/oz) with a gold price of $2,200 going forward RSG are making $75m gross each quarter. Would not be surprised if they end the year with gold bullion / cash on the balance sheet equivalent to half their current market cap.
This has to break out soon gold $2200 now
Cash and bullion holding worth £100m at these prices
I see your trade has just shown up
I’m sure you’ll do very well. Surprised it’s this low still. Once they start a dividend it will go further but until then it should still be in the 30’s. And if gold does motor on to 3000 the profits will rocket. Dollar is only going to fall over the years to come and interest rates will come back down sooner or later.
Considering it is back to profit making and net cash rsg has a lot going for it over the next few years.
Do you have any price target in mind? I’m looking for 70p but I’d expect that to take 2 years.