Post by
nozzpack on Dec 21, 2021 9:03pm
Resolute Financials
Production continues to decline , cash costs have now risen to $1500 US per ounce and they are burning through cash.
I don't foresee them being able to finance their share (25% ) of the Adumbi mine any time soon, if at all.
So at some point propitious to Resolute, it's position will be offered for sale.
Its shell KGL has now been rolled back, waiting for its new project.
So, a nice exit for Resolute, selling its Loncor position subsequent to KGL being allocated, perhaps, a 25% WI in another Nygau project..just sayin
Comment by
marketsense on Jan 02, 2022 7:42pm
Very intiguing situation. I like what I'm seeing so far. The potential is huge and if Resolutes 25% can be vended in for one of their other projects, its even better. My only reservation at 1st blush was the DRC. There must be a risk discount involved here but still may be worth it. There are some big players operating there already so...... MS