RSG:ASX is under Algo Engine buy conditions and is a high-risk recovery opportunity.
RSG enters our radar, supported by a positive back drop for gold prices and the recent announcement that the Mali mine is now projected to produce between 250,000 to 300,000 ounces of gold.
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15/4/21
Since writing the above post RSG has rallied 30%. The company has announced that Bibiani’s mining license has been restored.
Deleveraging of RSG’s balance sheet remains a priority and will be reliant on operational cash flows to achieve this.
RSG is a high risk gold play, whereas NST and GOR offer less balance sheet risk.
