Resolute Mining Ltd

RSG Details
· Volatile gold prices environment: Resolute Mining Ltd (ASX: RSG) stock fell over 2.8% on November 25, 2016 due to falling gold prices. RSG otherwise delivered a fiscal year of 2017 guidance of 300,000 ounces of gold production. The group’s Syama Gold Mine in Mali processing of sulphide open pit stocks is ongoing while development of the large scale underground mine is on track. Ravenswood Extension Project has extended the mine-life to 2029 while mining at Mt Wright will continue until closure in mid-FY17. In Ghana, RSG finished a feasibility study on the Bibiani Gold Project aimed at underground operation development. On the other hand, the falling gold prices could be a concern to group’s performance which has an All-In Sustaining Cost (AISC) of A$1,280 per ounce (US$934 per ounce) as fiscal year of 2016. Falling gold prices could hurt the group’s cash flow and margins.

· Recommendation: Trading at a high P/E, we give an “Expensive” recommendation on the stock at the current price of – $ 1.19

 

Operating cash flow highlights (Source: Company Reports) 

IPH Ltd

IPH Details
· Weak outlook: IPH Ltd (ASX: IPH) stock fell about 1% on November 25, 2016 owing to some market volatility. IPH has announced for the change in director’s interest (Robin Low). The group recently finished its share sale facility for the controlled entities of Spruson & Ferguson business that held escrowed shares in IPH (Escrowed Shares). The group expected a weaker first half of FY16 and ongoing currency fluctuations could hurt the stock performance in the coming months. IPH stock lost over 40.2% in this year to date (as of November 24, 2016).

· Recommendation: We give an “Expensive” recommendation on the stock at the current price of - $ 5.34

Disclaimer
 
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.