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RMS, RAMELIUS RESOURCES LIMITED
mullokintyre
post Posted: May 15 2020, 01:37 PM
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In Reply To: triage's post @ May 15 2020, 01:30 PM

Yeah, the last life of mine update I read from was from DCN, and look how well that went!
Mick



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triage
post Posted: May 15 2020, 01:30 PM
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In Reply To: mullokintyre's post @ May 15 2020, 11:13 AM

I read on hc that it is now at an 8 year high. Woohoo!


But Silver Lake is also up by about the same degree so the rise is beta not alpha. Talk of RMS being a chance of joining the ASX200 next month and of course they have their life of mine report due out in June, so everyone is in the mood to think that they are really savvy investors (when it goes down it's bad luck but when it goes up it's brilliance).



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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: 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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sent from my Olivetti Typewriter.
 
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.



--------------------
"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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Said 'Thanks' for this post: triage  
 
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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Posts: 2,855
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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.
 
 


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