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RMS, RAMELIUS RESOURCES LIMITED
mullokintyre
post Posted: Oct 1 2020, 12:02 PM
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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



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denpal
post Posted: Sep 16 2020, 08:39 PM
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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!

 
mullokintyre
post Posted: Sep 15 2020, 12:26 PM
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In Reply To: triage's post @ Sep 7 2020, 06:43 PM

Another 52 week high today.
Its getting toward sell time.
Gold in AUD hasn't really changed much, so the momentum is in the stock.
If it gets to 2.75, I will take some healthy profits and wait.
Mick



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triage
post Posted: Sep 7 2020, 06:43 PM
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In Reply To: mullokintyre's post @ Sep 7 2020, 10:28 AM

Mick - one reason could be the announcement last Friday that in two weeks Ramelius is to be added to the ASX200. Means some big boppers may start to pay more attention to the steed and might even get some analysts from the tier one firms to start following it. I suspect that its metrics are very impressive compared to the really big gold stocks but in truth it does not have a long life, low cost, high quantity, high quality asset in its stable like the bigger players either.

It's gone ex-divvie already so that was not a factor today.




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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: Sep 7 2020, 10:28 AM
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RMS on a big run again today.
Approaching the all time highs set back in May.
Not sure why the sudden surge, my other goldies up or down very slightly, so whatever it may be, it is likely something unique to RMS.
Sit back and wait time.
Mick



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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Aug 24 2020, 10:23 AM
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In Reply To: mullokintyre's post @ Jul 27 2020, 09:59 AM

Hope you are still holding Triage.
Terrific final report out.
Gold production up 17%.
AISC down 2.4%.
Revenue up 31%
NP after tax up a whopping 420%.
Cash and bullion up 80% to 185 mill with only 24 mill in debt.
Divvy of 2CPS.
Next years guidance for another 15% increase but at slightly higher AISC.
Can't really ask for much more than that.
Mick



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mullokintyre
post Posted: Jul 27 2020, 09:59 AM
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Great quarterly report out.
Record production for the quarter and the year in total.
$185 mill in cash and gold on hand.
Bigger out put forecast for next year.
You are right Triage, they could swallow up DCN in one go.
Would be the ultimate irony for me.
Mick



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mullokintyre
post Posted: Jun 10 2020, 10:03 PM
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In Reply To: triage's post @ Jun 10 2020, 08:33 PM

Yep nice work, I am betting there will be another run up on the PM's.
Loaded up on EVN and ALK today, already have a swag of RMS, so i expect riches beyond comprehension.
Mick



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triage
post Posted: Jun 10 2020, 08:33 PM
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In Reply To: triage's post @ May 15 2020, 06:31 PM

Hi Mick - another sterling set of results for Eridanus today, and they sounded quite positive about Penny West as well (remembering that they downgraded what they had at Tampia soon after that acquisition was settled). The next announcement we should get from them will be about the life of mine, which hopefully will be another positive statement. That is due before the end of June and then onto what should be a cracking quarterly production announcement in early July.



--------------------
"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
 
triage
post Posted: May 15 2020, 06:31 PM
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In Reply To: mullokintyre's post @ May 15 2020, 01:37 PM

Ramelius is a different beast to Dacian and Gascoyne though Mick. One of the first things they did when they wrapped up the acquisition of Explorium was to downgrade all the reserve figures for Tampia. They did the same at Edna May, in taking the far more conservative view of going underground rather than going big on the open pit. They've hedged themselves very conservatively. Everything about Mark Zeptner and his team is about under promising and over delivering.

I suspect they have a company maker in Eridanus - it has the makings of being a mainstay at Mr Magnet for a number of years to come. Add on top of that what appears to be several hundred thousand ounces of very high grade ore from Penny West and a steadily performing Edna May then Ramelius stands a good chance of being a solid performer for some time to come. If the analysts can do their cash flow projections out 5, 6, 7 years then I think the RMS share price will be very well supported. I have no idea about the gold price but with any luck that might also help out.



--------------------
"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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