Resolute Mining Share Price (RSG)

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.

Valhalla

I booked profits on a small position. RSG will be in a far better place compared to other juniors in 2025. Not sure if gold pull back will continue, but if it does go to $2100, RSG would retreat another 4p or so.

It's true the rising gold price only began to effect Resolute sales post Q1 as they closed hedges during the first quarter (avg sales at $1950/oz). This quarter the company are generating approximately $2,200/oz with production higher and costs lower which is why the shares have begun trending higher later than most in the sector.

Gold could move $200/oz in either direction and there would be little reason for it other than blind market manipulation, however most invested here believe in the fundamentals driving the price higher. Countries like China want to move away from US dominated hegemony and are open about their intentions. Currency debasement and excessively high national debts across all leading major economies compound the reasons to hold gold and now rates are set to fall there is really only one place to safely store your billions. In gold.

Back to Resolute Mining and indeed the sector at large is rising in anticipation of improved earning but have yet to report a full quarter earnings at current gold price levels nor the half year so the impact on the share price has been limited to this point, discounted by risk averse market participants. The share price has much further to run even if gold plateaus at $2,350 for the next 12 months.

Missed the boat didn't you!