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RMS, RAMELIUS RESOURCES LIMITED
mullokintyre
post Posted: Jan 15 2021, 09:22 AM
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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



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mullokintyre
post Posted: Jan 5 2021, 07:27 AM
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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



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plastic
post Posted: Dec 17 2020, 02:50 AM
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Head and shoulders pattern playing out. Seems to be trying to figure where to go next. If it continues, one thirty here we come.



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What did Uncle Mel do to us?
 
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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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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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.




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