0044 GMT - Resolute Mining's 1H net profit of A$128.2 million is 19% below consensus due to non-cash depreciation and inventory moves, says Barrenjoey. Ebitda is broadly in line with expectations, it says. "No group dividend as expected with all available FCF [free cash flow] being channelled into the development of Doropo and exploration at ABC," the bank says. Barrenjoey has an overweight rating on Resolute, with a target of A$1.60/share. The stock is up 8.6% at A$1.27.
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