Up 20% today $1.99
Syama Drilling Results
Deep high grade intercepts at Syama
confirm major extension
Further broad, high grade intercepts returned from the ongoing deep drilling program at Resolute’s Syama Gold
Mine in Mali have identified a major extension to the Syama orebody.
Significant results include:
SYDD432 62m @ 6.7g/t Au from 651m
SYDD431 23m @ 3.6g/t Au from 717m; and
46m @ 3.1g/t Au from 749m
SYRD434 31m @ 2.55g/t Au from 781m
SYDD436 7m @ 5.00g/t Au from 570m
Shareholders in Resolute Mining will have the option of collecting dividend payments in gold bullion, under a new policy believed to be the first of its kind in the world.
The gold miner announced it would resume dividend payments, declaring a 1.7¢ per share final dividend for the 2016 financial year under a new gold sales-linked dividend policy.
Resolute, which has not paid consistent dividends since the late 1990s, joined a group of local gold miners reinstating or raising dividends amid the best conditions the sector has enjoyed in recent years. But with a twist.
Shareholders who hold 5000 or more shares in the company can elect to receive dividends in gold bullion paid into a personal account held with The Perth Mint.
It is a first for The Perth Mint and Resolute managing director John Welborn said he believes it is the first time a gold company has ever offered the option.
Shares are up 6.4 per cent at $1.88.
This one should be on a nice Uptrend now..!
Director buys on market recently $160k worth as well..? one
for the medium to long term Punt.
Another new 12 month high today.
Going great guns last two months.
Huge open. Up 16%.
Heading towards some long term resistance now.
But was a very quick bag. Thanx.
Will let half roll and see where she ends up. Good daylight if she gets through 2.40 later on in year.
Decent quarterly and reaction to it trading wise today.
Should start moving back upwards now and retest high 1.40s short term.
Medium term if it gets through $1.50 it should see it test towards underside of last year's 2 buck mark
Looks like a boring forum. But just for grins.....please do watch RSG rocket. Gold price on the move up - given the instability in the USA and the hidden instability in China. Currently at 50%+ profit margin at current POG. I put 40% of my portfolio in this one. For good reason. Watch and learn.
The spike upwards has well and truly started. Gold may crack $2000 USD tonight. Get in early tomorrow to make any serious money? I already did.