Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: Tornadotony, Today 15:56
Last post: Tornadotony, Today 15:56
Bought more RSG
Started: LuckyLuciano, Today 08:22
Last post: LuckyLuciano, Today 08:22
From lates financial annual report, Martin Botha:
We have continued to move the geographic balance of our teams towards our operations. A conscious push to place
local or other African country nationals into senior positions in our operations, providing ‘on the ground’ local leadership, together with centralised support being moved into the same time zone, is providing visible benefits.
------------------------------------------------
Double your money in 6 moths here.
Started: Tornadotony, 19 Jun 2024 09:48
Last post: 42trader, 19 Jun 2024 15:13
Forget 31p being breached, that is far too low imo.
Surprised no one has mentioned a dividend being re-instated again soon, as this news can only increase the likely hood of a dividend.
Honestly I was not aware of this deal going on with Ravenswood as from RNS, was lucky to buy back on the dip 2 days ago.
Nice momentum with POG holding and quarterly activity report coming out in a moth. I think I will stay invested and see where the price in by end July. Hoping to breach 31p..
Lots of cash and bullion
Gold increased and selling higher
Lower All in costs
This share will be worth 1b easily with over 10million oz resource plus further finds to come
Great news in the RNS.
Hoping for a share price over 30p v. Shortly.
Added again... Slowly unwinding my FRES and adding it here instead.
Getting fed up of the lacklustre performance of FRES when, there's 50p to be had here over the next 12 months.
Started: nimrod22, 19 Jun 2024 10:00
Last post: nimrod22, 19 Jun 2024 10:00
In this morning at 26.33p with. Previously sold on 4th June when it looked as if the slide downwards might have accelerated. Its looking promising again for Gold miners.
Last post: Tornadotony, 18 Jun 2024 16:28
Added second lot as have enough to double the punt. I suspect not many shares are available to buy off market maker. Sticky hands are holding this stock.
Me three, although just a nibble, won't be shell shocked if it is to test the 100ma or 23p.
Small enough of a punt that I can double up a few times before 30p
Me too but down she goes again
9:01 trade listed as unknown was my buy.
Back in RSG this morning. Second buy allocation held in reserve in case it dips further. Did well first time in and building confidence on this one.
Last post: Djmtrading91, 5 Jun 2024 11:24
Price target increased by 7.4% to UK£0.34
Up from UK£0.31, the current price target is an average from 5 analysts.
New target price is 23% above last closing price of UK£0.27.
Stock is up 5.4% over the past year.
The company is forecast to post earnings per share of US$0.035 for next year compared to US$0.031 last year.
Just have to have patience. It’s had a good run. There will be sellers all the way up so it won’t just shoot straight up. I’d rather it went up slowly. Hopefully it will now stay above the previous high and for a nice base. There is still plenty of volume going through.
Surprised that RSG has not gone higher than it has.
Last post: LuckyLuciano, 20 May 2024 10:47
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.
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.
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
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 ..
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.
Started: the_shareminator, 30 Apr 2024 15:12
Last post: the_shareminator, 30 Apr 2024 15:12
Net cash increased $20m this quarter and now stands at $34m (Q4 2023: $14m), less than I was expecting to be in the kitty but can be explained away by 1) timing of gold sales and 2) impact of hedging which meant average price received was only $1,950/oz. Also worth noting the net cash position which includes a sizeable sum of gold has increased in value since quarter end.
We should benefit from increased cash build this quarter now Resolute are unhedged and receiving an additional $250-300/oz on increased production and with the delayed Q1 gold sales added to boot!
https://www.rml.com.au/wp-content/uploads/2024/04/ASX-RSG-Q1-2024-Presentation.pdf
Started: 9billion, 21 Apr 2024 20:39
Last post: 42trader, 30 Apr 2024 08:34
Yep, thanks for the link to the video.
Looks ok the update today. No bad surprises and good news that they are now unhedged which should make a huge difference to sales and profits.
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!!!
Started: Tornadotony, 30 Apr 2024 08:05
Last post: Tornadotony, 30 Apr 2024 08:05
Entry buy at 22.46 this morning. Reminds of Shanta gold that has recently gone private and delists 8 May.
Started: Monkeymoo, 16 Apr 2024 13:04
Last post: Monkeymoo, 16 Apr 2024 13:04
Nothing new - wouldn’t surprise me to see this flat by close - good opp to top
Up
Started: Kingfisher68, 16 Apr 2024 10:07
Last post: LuckyLuciano, 16 Apr 2024 10:57
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 .......
Worth buying on the dips
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
Started: ARMcap1966, 1 Apr 2024 09:19
Last post: Djmtrading91, 2 Apr 2024 23:38
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
Started: nimrod22, 31 Mar 2024 11:03
Last post: nimrod22, 31 Mar 2024 11:03
"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.
Started: Monkeymoo, 13 Mar 2024 15:22
Last post: 42trader, 28 Mar 2024 15:52
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
Started: the_shareminator, 6 Feb 2024 15:56
Last post: 42trader, 7 Mar 2024 15:14
Don’t mind me I’m just waking up. I get what you mean. Yeah should easily do that
Ahh ok million, not billion.
In fact the market value has already risen by c. £25m in the past 24 hours. Gains not limited here either, sector beginning to pick up
42trader it's only another 20% from here, Resolute is capped at approx £425m
Some nice trades going through today.
Not so sure about 1/2 billion market cap. That would be a 10 bagger!
Had a funny feeling the drop yesterday was the clear out of a seller. Was just going to raid my isa to buy some more but too slow.
Started: the_shareminator, 31 Jan 2024 12:33
Last post: the_shareminator, 31 Jan 2024 12:45
The positives in 2023
- Turned cash positive, reducing net debt by $45.6 million in 2023 with year end net cash of $14 million
- Declared a maiden Ore Reserve at Syama North
- Undertook first phase of Syama expansion funded out of free cash flow
- Mako outperformed exceeding its 117 koz full-year guidance
- Exploration success in both Senegal and Guinea
- Q4 improvement in underground grades
The not so positives
- Q2 and Q3 2023 production challenges owing to lower grades
- Mako gold production expected to be weighted towards H2 (approximately 55%) in 2024
Catalysts
- Phase I Expansion / Syama Sulphide Conversion Project (SSCP) on track for commissioning in H1 2025
- Exploratory work at Mako to extend mine life beyond 2026
- Q4 2023 gold poured of 80,307 oz (Q3 2023: 74,056 oz)
- Q4 2023 AISC of $1,480/oz (Q3 2023: $1,459/oz)
- Q4 2023 revenue of approximately $155 million generated from gold sales of 79,480oz at an average realised gold price of $1,954/oz (Q3 2023: 76,524oz at an average realised gold price of $1,917/oz)
Q4 2023 operating cash flows of $30.8 million (Q3 2022: $22.8 million for Q3)
- Full-year group gold production: 330,994 oz (FY 2022: 353,069oz)
- Group 2023 All-In Sustaining Cost (AISC) of $1,470/oz (2022: $1,498/oz)
- Unaudited 2023 revenue of approximately $630 million ($651 million in 2022)
- Full-year 2023 operating cash flows of $142.0 million (FY 2022: $90.9 million)
- Full year 2023 EBITDA of approximately $165 million (FY 2022: $148 million)
- Net Cash of $14.0 million (Q3 2022: $2.2 million) including Cash and Bullion of $85.2 million
- 2023 Capital Expenditure of $70.4 million (2022: $66.2 million)
2024 Guidance
· 2024 Group production guidance of 345,000 - 365,000 oz at an AISC of $1,300 -1,400/oz
· 2024 Group capital expenditure guidance of $115-145 million split between Syama, Mako and Exploration of $90-110 million, $15-20 million and $10-15 million respectively
Started: EliasJones, 29 Dec 2023 11:26
Last post: gotabesirius, 31 Jan 2024 08:12
Many thanks. Nice bump up in net cash position!
Q4 on their website
???
2023 Q4 results tomorrow expecting big profits
One of the better gold miners to hold now. And one to hold for a few years imo.
Started: EliasJones, 28 Dec 2023 10:18
Last post: EliasJones, 28 Dec 2023 10:18
RSG well place here with such a strong gold price. Net cash positive and 1 Billion oz Gold production guidance for the next 3 years