How's this for irrational behaviour:
A resource updgrade of 43% over the previous ann in Aug 2007 (when the share was trading around $1.80) sees the share drop from 68 cents to 62 cents!
And they already have $5.1m in gold sales to happen this quarter (4,250 ozs @ $1200AUD)
Plus as I see it...the upcoming quarter should be cash flow neutral and that's after having spent $4.6m on development.
Still got $6m in the bank and no debt.
Bring on the underground where the highest grade in Australia is!
My only concern...the cash cost! Anyone got a feel for what it was last quarter (can't be pretty) and what its likely to be this quarter?
pay dirt, page-6
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.88 |
Change
0.005(0.27%) |
Mkt cap ! $2.148B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.89 | $1.86 | $4.401M | 2.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 78805 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 149302 | 13 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |