RMS, RAMELIUS RESOURCES LIMITED

[mullokintyre]

In Reply To: plastic's post @ Jan 15 2021, 09:45 AM

What then is it due to?
A dollar coming up shortly.

Its been falling since the 2.50 highs of September last year.
I don't know why.
The fundamentals seem pretty good for the company, but the market is never wrong.
Mick

[plastic]

In Reply To: mullokintyre's post @ Jan 15 2021, 09:22 AM

doubt it is due to this transaction.

What then is it due to?
A dollar coming up shortly.

[mullokintyre]

RMS announces it has divested the Coogee gold project to the minnow Victory mines for the addition of 321million shares in Victory.
Not sure if it is going to make much material difference to either share price, though RMS is down again today, I doubt it is due to this transaction.

Mick

[mullokintyre]

RMS puts out another good quarterly, with production slightly above the top end of guidance, always a good sign.
With the previous quarter also above the top end of guidance, the year so far is looking good.
Good cash flow again, with a net increase even after royalty payments, dividends, the spectrum acquisition, debt repayments and planned exploration and capex expenditure. Unless they go on an acquisition hunt, may see some cash returned to investors.
I like a well managed profitable cash generating business.
Mick

[plastic]

Head and shoulders pattern playing out. Seems to be trying to figure where to go next. If it continues, one thirty here we come.

[triage]

In Reply To: mullokintyre's post @ Nov 11 2020, 11:33 AM

If I could I would join you, Mick, as the stream of company-specific news from Ramelius has been very positive for some months now. Going on the recently reported figures for Edna May it too is turning into a major win for the company. Who knows what the next 6 to 12 months has in store for us but I think that there is a reasonable probability that Ramelius will do well in that time-frame.

[mullokintyre]

Rms has fallen about 22% from its September highs.
Gold price has not fallen by anywhere near that much, so not sure why it continues to get punted.
Its not like the turmoil in the world has improved any.
It is still making good profits, the Penny West mine looks like a goer, so not sure why the negativity.
So, I bought some more today.
mick

[mullokintyre]

RMS released the pre feasibility study on Penny West today.
Looks like a goer, AISC decreased, ore body increased, Cap cost also increased.
Both open pit and underground to be modelled to work out the best fit before starting.
Looks reasonably good to me.
Hopefully it will kick start its neighbour at ARN.
At least they won't need to borrow or sell more shares to get it started.
Mick

[mullokintyre]

Good solid quarterly report out.
Achieved production greater than guidance.
Gold in AUD still holding above 2600.
Got a fairly big warchest of cash and gold in hand.
Almost zero debt.
Would have to be looking at some takeover targets to establish some lomg term production.
Didnt get to my 2.75 target, so still holding.
Mick

[denpal]

I bought some of these recently as I thought the chart looked stronger than most of the other gold stocks. We’ll see in due course!