Tag: RSG:ASX

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.

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 ounces to 300,000 ounces of gold.