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RMS, RAMELIUS RESOURCES LIMITED
triage
post Posted: Nov 11 2020, 02:19 PM
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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.



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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: Nov 11 2020, 11:33 AM
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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



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sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Nov 9 2020, 01:51 PM
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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



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sent from my Olivetti Typewriter.
 
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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sent from my Olivetti Typewriter.
 
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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sent from my Olivetti Typewriter.
 

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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.




--------------------
"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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sent from my Olivetti Typewriter.
 
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



--------------------
sent from my Olivetti Typewriter.
 
 


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