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What do you mean by 212 liquidity?
Not sure about buying but I can certainly sell my 47120 shares.
If it can break above the current price, which is a resistance level, I can see it going on to 27p, then eventually onto top off the upward trend channel around 35p.
Personally I'm holding out for around 70p before considering top slicing and leaving profits to run.
Dividend likely next year which should shoe a nice lift to the sp when it happens.
The potential for gold to rise in the next few years is quite large imo. 2300 likely in the short term and I wouldn't be surprised to see 3000 eventually hit. ofc, I could be wrong, but it does keep testing the 2080 resistance and eventually that resistance will break. Just wait for the interest rates to start falling and Gold should start motoring up.
I do hope you’re not back tomorrow. Filling the board up with a load of dross. Keep up the therapy.
Ps
What does Litrally mean?
Good call on a bounce.
No not huge but there is not a lot of free float and to sell they need a buyer. When you see the sp dropping like it has thought someone is selling. Maybe they won’t sell more but does anyone want to catch a falling knife. Better to wait until good news comes out.
Zeus
It is at good support level now so would be a good place to buy. The problem is broker has now pencilled in 2025 before they go back into profit and the Warhammer game does not sell as well as expected then revenues and profits will miss their targets. If you go onto forums for the warhammer game, players do not seem to think the game is good enough to warrant the game price. Last TR1 showed an institute selling, with their holding down to 6.9%. If they have decided to completely sell out then the share price will drop more. So buying now at a decent support level is really a gamble. Imo there are better companies out there to buy that are not as risky. It could go either way.
ADF does look good longer term but I do wonder if UK actors will be striking soon. https://www.theguardian.com/culture/2023/jul/21/uk-star-london-rally-support-striking-us-actor-brian-cox-equity-union
Could be a bit more pain for ADF in the short term.
Not to forget Gms is far from its hay day of making 100k a day from its largest boats. Currently on about 30k a day. Highly cash generative but still scope for a lot more to come. Of course with a lower interest rate now they will pay off the debt quicker now also.
Last thing I would want now is a TO offer. It would be a low ball price.
Yes all good and no nasty surprises. Good to hear cash will last further now to mid 2024 which will put to rest fears of cash burn and at least some cash will start to come in soon. Due to low liquidity the sp can move quite quickly in both directions, which should explain to some people the sharp rise then fall in the sp in the last couple of months, as opposed to suggestions that this was pumped and dumped.
Surprised no word from RSG about this:
https://wcsecure.weblink.com.au/pdf/RSG/02670855.pdf
Maybe some news due out. Otherwise it’s just on breaking above resistance level and a cup and handle play in motion.
April 27 - Resolute Mining RSG.AX :
* QUARTERLY PRODUCTION (GOLD POURED) OF 92,259 OUNCES (OZ)
* ALL-IN SUSTAINING COST (AISC) OF A$1,453/OZ FOR QUARTER
* QUARTERLY GOLD SALES OF 88,151OZ AT AN AVERAGE REALISED
GOLD
PRICE IN LINE WITH AVERAGE SPOT PRICE OF A$1,890/OZ
Source text for Eikon: ID:nASX5nqnZD
Further company coverage: RSG.AX
AISC had got lower while the average spot price has risen = more profit for RSG.
Those first 4 letters are what you may call your manhood. Or ****ney, what a londener is called.
Worth a read:
https://****neyrebel.substack.com/p/card-factory-an-undiscovered-zulu
There are obvious risks due to the location, but if you delve into rsg it offers a lot more than shg imo. Bigger production and it hasn't really started on exploration yet or reducing costs. It also does not need to be funded again, as future exploration will come from fcf. If gold price continues to rise all the miners should do very well, but the potential of rsg is far greater than shg.