We have to wait for 4Q CY23 for impact of previous rate rises to work their way through the economy, and their affect to become clear. Usually takes 18-24 months.
FED has one or maybe two rate rises left. Either way we've got just a few more months to wait for new all time highs in Gold to be realised. Has been holding up very well considering all the hiking.
RSG is highly leveraged to the gold price and so should really do well. Hedging is an issue, but currently rolls off March 2024.
Net Debt was down to $19M at the end of the March quarter.
Syama North PFS due shortly.
Mined Grade improved from 1.88 to 2.24g/t last quarter.
Ore Processed Grade improved from 2.01 to 2.33g/t last quarter.
At 39c we're below even the lowest Analysts' price target (44c).
Syama sulphide recovery (79% last quarter) my only beef. Hoping to hear some plan to improve this in the PFS. 85% would be a lot better.
We have to wait for 4Q CY23 for impact of previous rate rises to...
Add RSG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
51.8¢ |
Change
-0.003(0.48%) |
Mkt cap ! $1.096B | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.0¢ | 51.5¢ | $1.441M | 2.760M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 123017 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 390510 | 28 |
View Market Depth
| Last trade - 11.06am 27/05/2024 (20 minute delay) ? |
|
|||||
|
Last
51.8¢ |
Change
-0.003 ( 0.12 %) |
||||
| Open | High | Low | Volume | ||
| 52.5¢ | 52.8¢ | 51.3¢ | 650125 | ||
| Last updated 11.25am 27/05/2024 ? | |||||
| RSG (ASX) Chart |