RE: What happens to 140m raised from lenders19 Nov 2024 05:03
Or don’t invest again in RSG. It won’t get back to previous levels now. Smaller profits going forward. If the price of gold goes further then yeah it will make money, but then Mali government will want more. If price of gold drops then the company will struggle. It already had a highish AISC. Then you have to ask if they will be doing another cash raise for the plans they had for the last raise as that money is gone now. Simply put, the risk is too high with two thirds of the company’s stake in Mali. Such a shame because Terry H was a very good CEO. I have to wonder now if he will stay at the company when he gets released.