If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi mate.
Someone asked me about this last year and I said I liked 12p - if seen - and here we are ...
I think we all know the score re "sanctions" and the fact they've been magically lifted with RSG & HUM pinned to comedy mcaps given their assets and the forward-read, assuming Gold plays nicely (seems odds-on to me), then I think you have to pencil in 4x bags for both RSG & HUM from the current respective SPs.
https://www.proactiveinvestors.co.uk/companies/news/986609/kitwave-climbs-after-forecasting-significantly-better-than-expected-results-986609.html
cheap bonks?....mcap's a give away....2 mines and nearly a third
RNS - good news - I had to paste it into the HUM board too ffs lol
Well they (barely) tapped the 12p target I shouted quite some months back so let's see - possible dump of Gold in the very short-term that may get us to 9p with a bit of luck but regardless I'm sticking with it as it'll be very short-lived even if it does happen IMO.
The new management is doing so far so good - everything is right. With the share price falling, most analysts turned their back on the name since. the overpriced Toro Gold merger took place. They filled the pocket of the private equity guys and all left the sinking boat like rats.
They cleaned the balance sheet with year-end results (31. December 2021) and the balance sheet should be clean now. The impairments were on the sale of the Bibiani gold mine in Ghana and general adjustments on the carried value of capitalised development costs as assets. Yes, old management left without being made responsible for that mess. In my view, they delivered two excellent quarters, with costs under control. It would be nice to see a strong quarter (end June 22) & gold forwards (63,000 ounces at $1,788 June 2022 & 60,000 ounces at $1,803 September 2022) maturing.
I don't know what investors want to see, good mineralisation at Syma North, look for the updated mineral resource estimate.
updown
222 mill?...probably why its on a 3 year low
looks like a $500m dollar turn over but big losses last year due to impairments ($222m) - anyone know what these are?
whats the background here? seems very cheap - yes they have large debt but paying down and with good exploration results and production seems good for a rise?
Valued stock on that news should do 100% rise from here
Toro gold has 140m shares under icm investment they could buy a bigger stake with the cash of the sale or are they sold out which would explain the downtrend
£171,000,000 market cap for 80,000 oz gold each quarter seems cheep debt being paid too
What is the story with the change in CEO ?
Has it been discussed on this board?
A lower AISC in this environment takes some doing ...
Initial performance looks better than forecast, production actually increased despite the major works at Syama
- Improved throughput at Syama sulphide plant during April following completion of works
- Quarterly production of 81,770 ounces up 2% on December quarter despite the planned shutdown of the Syama sulphide circuit
- All-In Sustaining Cost (AISC) $1,383/oz a 4% improvement over the prior quarter
- Quarterly gold sales of 88,773oz at an average realised gold price of $1,846/oz
- Cash and bullion of $103.9 million
- Net debt reduced by $54.1 million to $174.7 million
- Revolving Credit Facility (RCF) extended an additional 12 months to March 2024
- Asset sales proceeds of $43.7 million
That 45p rating looks to be right on the money to my eye.
crux on the gold comp sector
https://www.youtube.com/watch?v=k2xzTLzaxB4
Looking great ;)
Glorious rise here today leading the pack and AEX not far behind :)
Most gold producers have added 30%+ in recent weeks and today are moving higher with gold trading at $1965. Disconnect here looks even more obvious today.
Last we heard Syama gold production was "on target for the March quarter" following the completion of the Syama sulphide plant works and performance of the sulphide plant will be more consistent in future quarters. Consistency is one of issues Resolute have struggled with and no doubt discounted in the market valuation so improvements should (in time) appeal to the more risk averse.
Resolute's Chief Operating Officer, Mr Terry Holohan commented: "I would like to thank all of our employees and contractors within the Projects and Maintenance departments, as well as the support teams, who have contributed to the safe and successful completion of this significant $7.5m enhancement project. From the early stages of planning, incorporating all the innovative design improvements and challenging logistics through to final delivery, the work performed reflects a highly competent and professional team. The team have successfully met all of our operational requirements while having to deal with a number of external factors, including COVID-19, unseasonal weather and political disruption to deliver a safe and high-quality project for Resolute."
"I believe that we now have all the tools in place to significantly extend the campaign life of the Roaster going forward. The entire sulphide processing circuit has now had a long overdue refurbishment which supports delivery of Resolute's 2022 production targets, full tie-in of key improvement initiatives implemented in 2021 to provide a strong basis for further enhancements to the circuit."
Agreement to extend the repayment dates by a further 12 months will ease fears later this year. The market appears to have taken the news as a sign net debt is falling slower than previously anticipated, then again it may just be general negative sentiment in the wider markets today..
The CEO's stated aim is to reduce gearing levels "over the near term" and with gold trading at $2k/oz this shouldn't be in any doubt.
Good start 17%
This is worth £1.00
Life of Mine production update
Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is pleased to present its consolidated Life of Mine Plan for the Syama gold mine (Syama) in Mali and the Mako gold mine (Mako) in Senegal.
Average annual production of 370koz over the next five years to 2026 at an AISC of $1,191/oz
Total LOM 12 years of gold production totalling 3.5 million ounces (Moz) at an average AISC of $1,110/oz to 2033
Average 243koz p/a at an average AISC of $993/oz over the current twelve year mine life to 2033
Syama Oxide production extended from 2023 until 2026 following 90% increase in satellite resource
Tabakoroni Sulphides to begin in 2026 with 664koz production over an eight year mine life
Mako production of 607koz at an updated average AISC of $1,071/oz over remaining six-year mine life
Resolute's CEO, Mr Stuart Gale, commented: "Our latest LOM plan reflect an improved production profile over the current 12-year mine life at Syama incorporating the successful exploration campaigns which have extended oxide production for an additional two years together with exceptional drilling results at Tabakoroni. This allows us to defer the development of the Tabakoroni Sulphide mine as we continue to assess and optimise the plan for the development of this resource.
"Syama has a significant gold endowment and there is still a great deal of exploration to be undertaken in this area. We remain very confident that the Syama operations will continue developing and extending beyond what we have published today.
"In addition, we remain focused on identifying further extension and development opportunities at Mako in Senegal, where we also expect to extend our mining activities beyond the current mine life."
Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is closely monitoring developments in Mali following the imposition of sanctions by ECOWAS (Economic Community of West African States) on the State of Mali on January 9th 2022.
Operations at the Company's Syama Gold Mine are continuing as normal with no immediate impact to production, supply or the safety and security of employees and contractors. Resolute notes the fluid situation and will continue to monitor and provide updates as and when appropriate. Resolute has operated Syama since 2003 under the well-established mining laws of Mali.
The sanctions are in response to the Government of Mali's proposed timetable to hold elections. The sanctions pertain to restrictions on the movement of cash, people and goods, across borders, into and out of Mali from the wider ECOWAS region.
Rns soon on sales of licensing 400m plus coming to rsg
How is the RSG Management managing to drive this Company so low? What a mess.