(Oops, didn't realise this was a very old thread) (from the SLR thread) SLR just had a merger and the combined group now has some debt of $15m, but cash assets of $134m, and pulling 230+ tons of gold out of the ground a year. What's not to like? Ok, a dividend would be nice! If they start paying a dividend then I see the price climbing a lot over the coming years. How many other companies are in such a good financial position with such a steady income flow?
RSG hitting $1.525 today, pushing above $1.45 Resistance. ie. RSG is around a 2.5 year high after moving sideways largely between 97c & $1.45 (Stage 1 consolidation). This area ($1.45) needs to hold as new Support - if it can, potential for a sustained Stage 2 bull run.
RSG $1.71. This is why Stage 2 breakouts can move rapidly. RSG's current move very similar to a couple of previous moves (see black boxes in chart below)
