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RMS, RAMELIUS RESOURCES LIMITED
mullokintyre
post Posted: May 15 2020, 11:13 AM
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RMS powered thru a 12 month high.
All of my goldies well up today, an unexpected pleasure.
mick



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mullokintyre
post Posted: Apr 1 2020, 09:56 AM
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RMS released its 3rd quarter results this morning (pretty efficient seeing as the quarter only finished technically last night!).

Everything inline with guidance, no impact so far, and can't see why the full year results will not be in line with guidance.
I thought it was a reasonably good outcome, but the stock got marked down with the other gold stocks.
Its only April, but the sell in May and go away looks like a good strategy. Just a month early.
Mick



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triage
post Posted: Feb 24 2020, 05:45 PM
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A good day at the office, and easily remembered stats: a rise of 14.6% to reach $1.46. Not sure why but if it holds then the takeover of Spectrum should be a breeze (from memory the offer opens on Friday ... does make the acquisition of Penny West even more overpriced imo.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
mullokintyre
post Posted: Jan 30 2020, 02:09 PM
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RMS has been a good trade vehicle for me over the past 12 months as the gold price fluctuated, however, not sure if it will continue to do so.
The only down side is their large forward sales book of 239,000 ounces at an average price of AUD1914 an ounce till May 2022.
If they maintain production at current levels, which is about 190,000 ounces per year,, more than half their production is in forward sales, at a price well below the current price of AUD 2345 .
I guess as long as the costs are contained, it should bea safe buy as an exposure to gold.

Mick



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mullokintyre
post Posted: Jun 20 2019, 01:57 PM
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In Reply To: mullokintyre's post @ Jun 18 2019, 10:31 PM

Well, it didn’t take long to recover. Up 12% today.
A cynic might suggest it was just a shake out exercise..
Mick




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mullokintyre
post Posted: Jun 18 2019, 10:31 PM
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In Reply To: triage's post @ Jun 18 2019, 08:59 PM

A piece in todays OZ business section has an interview with RMS head man Mark Zeptner.
He said that the failures of Gascoyne Resource and Coolgardie Minerals as well as massive slug on Dacian gold will make it very difficult for snaller end of Australian Gold sector to get funding for mine development.
However, the big end of town with good assets, solid management, aad good mine plans have no problems with getting funding.
He said that their five year mining plan was essentially self funded, and planned to deliver dividends in near term.
When asked if RMS were interested in acian, he talked the takeover idea down.

I guess the increased gold price might cause some of the minnows to be attractive, but it would have to be a pretty good increase.

Mick




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triage
post Posted: Jun 18 2019, 08:59 PM
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In Reply To: mullokintyre's post @ Jun 18 2019, 11:08 AM

Really poor timing by Ramelius to have come out with a mediocre update.

They reduced expected FY20 production from 230k to 250k ounces to just shy of 215k and they quantified that Explaurum had done a Gascoyne with the Tampia project (only with rose coloured glasses was either Gascoyne's Dalgaranga project or Explaurum's Tampia project a real show). The market seems to be forgetting that Ramelius bought Tampia using very conservative resource figures, not the pie in the sky figures that Explaurum had been using. But anything tainted with the overstatement of resources at the moment is getting hammered.


I think it will take Ramelius to remind the market that they are extremely good mine managers before it forgives them. That and some decent drill results.
Such is life.



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
mullokintyre
post Posted: Jun 18 2019, 11:08 AM
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In Reply To: mullokintyre's post @ Jun 13 2019, 10:22 AM

The Life of mine announcement ' seem all that bad, but RMS has dropped to 74..
Kinda hoping it will drop below the 73 cents mark which was where I sold half my stake last time.
Enjoyed the healthy profit, but if I had held on till 90 cents would have been spectatcular profit.
Hindsight, aint it great??
Mick



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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Jun 13 2019, 10:22 AM
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In Reply To: triage's post @ Sep 18 2018, 11:55 AM

In a trading halt.
Given its recently come off the 95 all time high, I suspect it won't be spectacular moves.
No big vol moves in last few days, and opening match no change also suggests that those in the know didn't see it as exciting.
Mick.



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triage
post Posted: Sep 18 2018, 11:55 AM
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Interesting times at Ramelius, lots of moving parts at the moment.

It appears that whether the acquistion of the Edna May operation by Ramelius was a profitable decision remains an open question. But in recent weeks they have begun acquiring a number of satellite gold prospects with the intention of feeding ore into the Edna May plant. They began by picking up the smallish Holleton project to the south of Edna May. Then, last week they launched a hostile takeover of Explaurum Ltd (EXU) to get control and access to that company's Tampia Hill development project and adjoining Mace prospect which lies about 150km south of Edna May. Ramelius is proposing to swap one RMS for 4 EXU which puts a value of about $60m on the deal. To top it off they also announced their plan to acquire the busted Marda project from the creditors for about $13m.

Today the company announced that they have decided against moving to stage 3 of the open pit development of Edna May but instead they will focus on much higher grades available underground. This option means a much reduced capital cost in developing Edna May but also means that they have heaps of spare capacity at the EM plant (thus leading to higher operating costs per ounce produced). Clearly they intend to haul lower grade ore from Marda and hopefully Tampia Hill to mix in with the ore coming from EM underground and the adjacent Greenfinch open pit (yet to be approved and developed).

Also today they put out their 2018 (as at 30 June) Resources and Reserves Statement which shows total resources of about 3.5m oz at 1.5g/t and total reserves of about 700k oz at 1.6g/t.

All looks promising to me: heaps of cash, heaps of reserves, heaps of development and production options, no debt, managers that keep underpromising and overdeveloping. They need to get the Explaurum deal over the line but it is not a mortal blow if they do not.



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog

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