Mark explained that he was bitterly disappointed about the delay it was due to regulators urging everyone to be cautious with their expectations due to the current uncertainties. They are apparently reworking a very conservative report and he is very keen to get it out ASAP. I understand any disappointment about production staying the same for next year with increased costs, but there are many reasons for optimism. Hedging is up $100 per ounce on last year. 40-50 million dollars worth of ore already mined and sitting at Marda, 2,500 tons per day of higher grade Tampia ore being shipped to the mill since 1st July and apparently meeting grade expectations. Vivien going for at least another year and quite possibly longer. Huge cash flows already established with plenty of upside potential. Well over $200 million in the bank and a now unused line of credit for any GOLDEN opportunities, and an almost certain 3-4 cent dividend to be declared in about 4 weeks. Why invest in a hugely overheated sharemarket which is at all time highs ? when anyone who wants a share with little downside risk would be mad to ignore RMS.. Now for true confession time, I am heavily invested in RMS and have ridden on the Golden Horse's back for many years so please use your own judgement and ignore me if you like. Good luck to all other jockeys.
RMS Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
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