Ann: 2016 AGM - Chairman's Address & MD Presentation, page-79

What else can he say possibly.
On all metrics RMS is at or near a great value....yet there is lack of demand. The company is in a sound financial position as good as it has ever been, still no demand for shares. So one will have to think "hopefully it will go up" one day or will go up "with a bit of luck"...etc etc.

The market wants excitement......thrill. I guess there is no thrill here......anything but excitement.
I wonder what were Ruffer thinking when they bought that big parcel of 25 million shares @.49c.
Did someone played them for fool???? I guess not.


The market wants RMS management to spend the money on some acquisitions. Management have been shopping around but cannot find anything which will greatly increase shareholder value. I agree with that, no need to pay up just for the sake of expansion. What is the point of spending the 90 million on acquisition, taking the risk and trying to make up that 90 million back. (If ever). My conservative ideology is happy to sit with the cash.....but the market says no no no ......spend it. Bring the excitement.
I wonder what was that Chinese Alliance about....nothing cooking over there.

At the moment all I think about is getting better return than putting money in the bank.
A $100k in the bank will give maximum 3-4 % return in a year.
A $ 100K invested in RMS with a little risk(as all gold companies are) .....it has to move up 3-4 cents to beat that. Very much achievable.
I bet very few people will think like that. Most will chase double or nothing.

I have allocated as much as I have towards RMS, if I had more money I would add more RMS. For me this is the safest bet among all my holdings. I would sleep much better if all my other dogs would be in a sound financial position as RMS.

Patience is the key here.