Shares Magazine - August 22, 2019

UNDER THE BONNET

22 August 2019 | SHARES | 37

Led by a former rugby international, shares in Resolute Mining have jumped by a

third since it listed in June

Gold is at a six-year

high and this miner has

taken full advantage

A

ƐŐŽůĚĐŽŶƟŶƵĞƐƚŽŚŝƚ

ƚŚĞŚĞŝŐŚƚƐ͕ŝƚǁŽƵůĚ

ƐĞĞŵŽŶĞŵŝŶĞƌŽĨƚŚĞ

ƐŚŝŶLJŵĞƚĂůƟŵĞĚƚŚĞŝƌĞŶƚƌLJƚŽ

ƚŚĞŵĂƌŬĞƚƉĞƌĨĞĐƚůLJ͘

ƵƐƚƌĂůŝĂŶŵŝŶĞƌResolute

Mining (RSG) ůŝƐƚĞĚŽŶƚŚĞ

DĂŝŶDĂƌŬĞƚŽĨ>ŽŶĚŽŶ^ƚŽĐŬ

džĐŚĂŶŐĞŝŶ:ƵŶĞ͕ĂƚĂƟŵĞǁŚĞŶ

ŐŽůĚǁĂƐŚŝƫŶŐĮǀĞͲLJĞĂƌŚŝŐŚƐ

ŽĨΨϭ͕ϯΘρƉĞƌŽƵŶĐĞ͘ƐǁĞǁƌŝƚĞ

ƚŚĞƉƌĞĐŝŽƵƐŵĞƚĂůŝƐĂƌŽƵŶĚƚŚĞ

Ψϭ͕ρϬϬŵĂƌŬ͕ĂƐŝdžͲLJĞĂƌŚŝŐŚ͘

ESTABLISHED PRODUCER

ŶĞƐƚĂďůŝƐŚĞĚŐŽůĚƉƌŽĚƵĐĞƌ

ǁŝƚŚŵŝŶĞƐŝŶƵƐƚƌĂůŝĂĂŶĚDĂůŝ͕

ĂŶĚĂŶŽƚŚĞƌŝŶ'ŚĂŶĂƐŽŽŶ

ƚŽƌĞĂĐŚĨƵůůĐĂƉĂĐŝƚLJ͕άεϮςŵ

ŵĂƌŬĞƚĐĂƉZĞƐŽůƵƚĞŝƐĂůƌĞĂĚLJ

ůŝƐƚĞĚŽŶƚŚĞƵƐƚƌĂůŝĂŶ^ĞĐƵƌŝƟĞƐ

džĐŚĂŶŐĞĂŶĚĚŝĚŶ͛ƚŶĞĞĚƚŽ

ƌĂŝƐĞĂŶLJŶĞǁŵŽŶĞLJĂƐƉĂƌƚŽĨ

ŝƚƐ>ŽŶĚŽŶŵĂƌŬĞƚĚĞďƵƚ͘

ZĞƐŽůƵƚĞĐŚŽƐĞ>ŽŶĚŽŶĂƐŝƚ

ŝŵƉŽƌƚĂŶƚůLJ͕ǁĞ͛ƌĞĚŝǀŝĚĞŶĚ

ƉĂLJŝŶŐ͛͘

ƐĨĂƌĂƐƚŚĞŶƵŵďĞƌƐŐŽ͕

ZĞƐŽůƵƚĞŚĂƐĐĞƌƚĂŝŶůLJĚŽŶĞ

ƉůĞŶƚLJƚŽŵĂŬĞŝƚƐĞůĨŬŶŽǁŶƚŽ

ŝŶǀĞƐƚŽƌƐ͘'ŽůĚƉƌŽĚƵĐƟŽŶĨŽƌ

ƚŚĞϭϮŵŽŶƚŚƐƚŚƌŽƵŐŚƚŽϯϬ

:ƵŶĞƚŚŝƐLJĞĂƌƐƚŽŽĚĂƚϯϬρ͕κϯς

ŽƵŶĐĞƐŽĨŐŽůĚƉƌŽĚƵĐĞĚĂƚĂŶ

ĂůůͲŝŶƐƵƐƚĂŝŶŝŶŐĐŽƐƚ;/^ͿŽĨ

ΨεϮκĂŶŽƵŶĐĞ͘

dŚĂƚĞdžĐĞĞĚĞĚƚŚĞĮƌŵ͛Ɛ

ŐƵŝĚĂŶĐĞŽĨϯϬϬ͕ϬϬϬŽƵŶĐĞƐ͕

ǁŝƚŚΨεϮκƉĞƌŽƵŶĐĞ/^ďĞůŽǁ

ƚŚĞΨεςϬŝƚŚĂĚĨŽƌĞĐĂƐƚĞĚ͕

ƉĂƌƟĐƵůĂƌůLJƉůĞĂƐŝŶŐĨŽƌƚŚĞ

ƚŚŝŶŬƐŝƚǁŝůůŐĞƚĂĨĂŝƌƌĂƟŶŐ

ĂŶĚǁŝůůďĞŵŽƌĞůŝŬĞůLJƚŽĮŶĚ

ŝŶǀĞƐƚŽƌƐǁŚŽƵŶĚĞƌƐƚĂŶĚ

ĨƌŝĐĂŶͲĨŽĐƵƐĞĚŵŝŶĞƌƐ͘dŚĂƚ

ŵĞĂŶƐŝƚƐƐŚĂƌĞƉƌŝĐĞŽǀĞƌŚĞƌĞ

ƐŚŽƵůĚďĞƉƌŝĐĞĚŵŽƌĞĨĂŝƌůLJ͕Žƌ

ĂƚůĞĂƐƚĂƐƚŚĞĐŽŵƉĂŶLJƐĞĞŝƚ͘

dŚĞĮƌŵ͛ƐĐŚŝĞĨĞdžĞĐƵƟǀĞ͕

ĨŽƌŵĞƌƵƐƚƌĂůŝĂƌƵŐďLJ

ŝŶƚĞƌŶĂƟŽŶĂů:ŽŚŶtĞůďŽƌŶ͕

ƚĞůůƐSharesƚŚĞĐŽŵƉĂŶLJǁĂŶƚƐ

ƚŽďĞŬŶŽǁŶĂƐĂ͚ŵƵůƟͲŵŝŶĞ͕

ůŽǁͲĐŽƐƚ͕ĨƌŝĐĂŶͲĨŽĐƵƐĞĚŐŽůĚ

ƉƌŽĚƵĐĞƌ͛͘

FOCUS ON

SHAREHOLDER VALUE

,ĞƐĂLJƐ͕͚hůƟŵĂƚĞůLJǁĞ͛ƌĞ

ĂŐŽůĚĐŽŵƉĂŶLJƚŚĂƚĞdžŝƐƚƐ

ƉƵƌĞůLJƚŽĐƌĞĂƚĞǀĂůƵĞĨŽƌŽƵƌ

ƐŚĂƌĞŚŽůĚĞƌƐ͘

͚tĞ͛ǀĞďĞĞŶĚŽŝŶŐƚŚŝƐĨŽƌ

ŽǀĞƌϯϬLJĞĂƌƐĂƐĂŶĞdžƉůŽƌĞƌ͕

ĚĞǀĞůŽƉĞƌĂŶĚŽƉĞƌĂƚŽƌŽĨŐŽůĚ

ŵŝŶĞƐ͘tĞ͛ƌĞƐƵĐĐĞƐƐĨƵů͕ĂŶĚ

AUSTRALIAN MINER

RESOLUTE MINING

(RSG) LISTED ON

THE MAIN MARKET

OF LONDON STOCK

EXCHANGE IN JUNE,

AT A TIME WHEN

GOLD WAS HITTING

FIVE-YEAR HIGHS OF

$1,385 PER OUNCE

AUS