RSG - Resolute Mining

[finicky]

Ramifications.

Marvel Gold’s sale of Mali assets falls through​

https://www.mining.com/marvel-golds-sale-of-mali-assets-falls-through/

 

[Sean K]

Whoever grabbed the knife might be bleeding a bit now and have let go.

What a disaster.

 

[mullokintyre]

Read the update twice, nad was little wiser.
So all the outstanding claims are settled.
Until the ba$tard$ make up some new claims that is.
Still hanging in in the hope that this little incident will be forgotten.
mick

 

[Sean K]

Read the update twice, nad was little wiser.
So all the outstanding claims are settled.
Until the ba$tard$ make up some new claims that is.
Still hanging in in the hope that this little incident will be forgotten.
mick

View attachment 188641

Interesting that part of the Protocol is to "maintain the safety of all Company employees". So, are they going to provide security at the mine? Bodyguards for the CEO? Or, just not take anyone hostage again?

 

[qldfrog]

Interesting that part of the Protocol is to "maintain the safety of all Company employees". So, are they going to provide security at the mine? Bodyguards for the CEO? Or, just not take anyone hostage again?

Mafia protection....

 

[mullokintyre]

Interesting that part of the Protocol is to "maintain the safety of all Company employees". So, are they going to provide security at the mine? Bodyguards for the CEO? Or, just not take anyone hostage again?

Russia's Wagner to provide security ...
Mick

 

[mullokintyre]

Chucked the RSG for WAF.
Mick

 

[qldfrog]

https://www.mining.com/web/resolute-mining-forks-out-further-50-million-to-mali-for-detained-employees/

Yes until the next time i guess

 

[Sean K]

Looks like the market isn't really convinced that the US$160m (250 Aus) ransom is the end of RSGs problems. $250m off their MC from just before the incident means there's a few hundred mil discounted from their previous value.

A lot of confidence has been lost.

 

[Sean K]

Not sure if this guy just didn't want to get taken hostage again or whether he's been sacked for stuffing up the 'back taxes'...

 

[mullokintyre]

In some hope for RSG, it seems that Barrick have resolved their differencs with the Mali Government.
Perhaps it will flow through to RSG.
Mick

 

[Ferret]

My pick for the April competition.

Maybe the punters will forget what a disaster mining in Africa can be and rush into a gold miner like RSG as markets go pear-shaped in April.

 

[mullokintyre]

In some hope for RSG, it seems that Barrick have resolved their differencs with the Mali Government.
Perhaps it will flow through to RSG.
Mick

View attachment 194157

As I noted in the TRE thread, another company has reached agreement with the Government in Mali to proceed with a mine under the new mining code,
There is hope for RSG yet.
Mick

 

[rcw1]

Good evening

Great day for Gold today (11/04/25) ... Neat 3.41% SP gain.

Nice.

Chart update

Daily

One minute

Not holding

Kind regards
rcw1

 

[Sean K]

RSG's Sustainability Report is out and at 103 pages it's almost as long as their last ore reserve and resource statement.

I'm sure this amount of work will prevent their new CEO from being taken prisoner and held for ransom this FY. Especially their 'Climate Change Financial Modelling' section which the Junta will be taking particular interest in.

 

[Ferret]

My pick for the April competition might not be shooting any lights out, but now, at least I can feel good about it.

 

[Sean K]

If you grabbed the knife here and held out for a bit you'd probably be doing OK. Major risk with some reward, so far.

And, looks like they've decided to spread the risk and not rely on Syama so much but it will still be 60% of their portfolio going forward.