short term gold crash, page-164

Today's price action is truly amusing. I'm happy; I have enough to add another 33% to my position, should cleared at my brokers in two more days.

I'd certainly be interested in any negative comments or concerns with Ramelius. I find it very hard to come up with much.

1) The best I can do is the 5-year LOM plan Ramelius published. But of course MZ is correct that they only diff between RMS and many of their competitors in that regard is that RMS actually put the detailed information forward. That is, many other mid-size miners may not have detailed infomation on what they'll be mining, more than 5 years out. The only diff with Ramelius is that RMS was open enough to put the info out there. Further, the Eridanus UG update, and Edna May UG/Stage 3 pit update - both due any day now - likely will significantly extend that LOM plan.

2) The other concern may be that gold may be heading into a larger drop. This belief is based IMO on looking out the rearview mirror, at gold's price drop in Aussies over the past few months. However, AFAIK gold's fundamentals have not changed, other than growing stronger. I can afford to be patient, and let other investments do the growing for now.

Moreover, WRT gold's price, RMS and the other miners I hold have significant, predictable, verifiable (via JORC-compliant or close to it resource/reserve reports) growth coming, that's internally-funded, in Tier 1 jurisdictions, from management teams that know how to make achievable plans. That is, they have a track record of meeting/beating guidance. These are companies who's share price should go up, longer-term, even if gold stays flat.

So, genuinely-interested to hear any speculation, or negative info, WRT Ramelius's business.