RSG +14.89%: Phew! The Gold miner rallied today on news the Bibiani mine in Ghana had seen it’s mining licence reinstated, around 3 weeks after the local government revoked it. The mine is under takeover from Chinese firm Chifeng which seems to be the sticking point behind the move by the Ghanaian Government which has placed some conditions over the lease agreement with regard to a change of ownership. For now it does relieve some of the pressure for Resolute, able to press on with the sale as a best case, or continue to operate the mine as a worst case. The joys of operating in Ghana – a place we’ll a avoid in future. We hold RSH in the Emerging Companies Portfolio.
MM is bullish RSG
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