RSG - Resolute Mining - Opinions Please

Discussion in 'Stocks & Derivatives' started by hotdogma, Sep 11, 2013.

  1. SilverDJ

    SilverDJ Well-Known Member

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    (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?

    [​IMG]
     
  2. scott_reeve

    scott_reeve Active Member

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    RSG chart update:
    [​IMG]
     
  3. scott_reeve

    scott_reeve Active Member

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    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.
     
  4. scott_reeve

    scott_reeve Active Member

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    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)

    [​IMG]
     
  5. scott_reeve

    scott_reeve Active Member

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    RSG chart update:
    [​IMG]
     
    Ivykoin likes this.

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