Resolute Mining – up 30%

Posted on | by Leon Hinde

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.

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.

Cleanaway – Buy

Posted on | by Leon Hinde

Cleanaway Waste Management is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

Cleanaway will move forward with the buyout of just the NSW assets of Suez Australia which it had negotiated as a fallback deal for $501 million. 

Cleanaway’s plan to acquire Suez Australia’s business is now off the table. 

We recommend accumulating CWY on any weakness into the $2.30 – $2.40 price range.