rms valuation, page-23

Pilatus. You might call me smart for making the prediction but I have been very foolish for staying in the market.

Im not saying RMS is dead in the water but some very clear direction is needed from management. The perfect storm would be a world recesssion followed by a crash in commodities. This would give RMS exceptional buying power with their bank balance.

The MD intentions indicate he plans on keeping $100 mill in the bank. This appears to be true which is why they raised capital for the mill.

I have been told by others that BHP is closing mines which is what you do in a recession. They are preemtive closures
in anticipation of slowing demand. The early closures reduces losses. I havent been watching the market much, I like my sleep.

When a recession finally comes gold will hit rock bottom.