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Gold price on its way back up - RSG unhedged - hopefully should start to see this move up ..
Yes indeed! Buyer interest is improving although it’s a sector wide phenomenon. Across the miners precious metal producers, particularly those operating high ounce, marginal mines are the top performing more recently and this will probably be true for the rest of the year as central banks begin to see the impact ‘high rates’ (relative to debt in the system) coupled with high taxes, has on economic activity.
SRB is a muncher better proposition all round in my honest opinion….Huge cash generation and cash in bank with a doubling of production pencilled in….Much better than this risky proposition.Get in now whilst so cheap as it is an absolute bargain
With double the average volume last week on the sell side and sat well below the 50day SRB is done for a while, had a good run the last few months, don't buy until the break out, of course everyone's opinions are honest around these boards, Resolutes chart is looking positive so I'll be sticking here for a while. GLA
Bushytailed came onto the SRB board ,so I have had a close look . I found this to be an extremely risky investment,unlike SRB,which has a much bigger percentage of cash compared to market cap,and cash generation to market cap,and a much safer profile. It would be wise to sell at least some of this holding and put it into SRB. The wise thing to do.This is such a risky share,in my honest opinion.
SRB MK of £41M and profits of £6.58M is 16%
Resolute MK £523M and profits of £182M is 34.8%
if you're doing it as a percentage of Market cap does this not make Resolute the better play?
SRB doubling production and already doing much more than that.....This share is so risky.....I would suggest those that are willing to take the risk stop in,but those sensible investors would be much better off splitting your investment or selling and buying a much safer and more rewarding share....SRB....Looks like weakniss in this share could get much worse....and charts are suggesting it....
Please beware and be careful....profits can evaporate without caution....much better options
It looks like investors are cashing in profits on this. If you have cashed in please look what a bargain SRB is at the moment. Support now being shown because of prospects of doubling production in near future,and massive cash holding and massive cash generation,all at at a rock bottom valuation. Big support forSRB,and long way to go up.
Pedro you seem a bit desperate to get people into SRB ..kind of puts me off even looking at it ..just chill ..no need to come onto other boards and deramp to get folks into a share you are in ..
Can you tell that to Bushytailed,who came on the SRB board.My posts are genuine in content,his are just vitriolic nonsense.I would leave this board to Investors to make their own mind up, as no interest apart from countering Bushyknobs rubbish.Do I think this is risky?…Yes….Do I think investing in SRB is wise? Absolutely …But all can look at the fundamentals and judge for themselves
Thank you for your comments.
So you came to this board to counter busytail, seems a little immature lowering yourself to others standards. Yes I do agree with you that there is a fair amount of risk here, but that can be said of investing in all gold mining companies. They all carry more risk than traditional companies. RSG is no exception especially because of its location of its mines in a country that is very unstable. But if you can stomach the risk, gold miners have a lot going for them at the moment. And RSG has a particularly good CEO at the moment who knows his business very well. Best of luck to you with SRB, it does look good imo.
Pedro61 me I say very childish to get back at Bushytailed in this way.
If you was sure of your investment in SRB you would have not retaliate like this. If anything you can take on Bushytailed in SRB board to show everyone over there how wrong he is about whatever he is talking about.....(sorry not reading his posts). IMO you are wasting time here...but pl feel free.