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2.38% $1.94 ramelius resources limited

RMS Chart, page-2092

  1. wassa
    3,499 Posts.
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    08/10/22
    20:52
    Post #: 64101409
    Maybe they see the AUD falling rather than USD Gold rising.

    Whilst high AUD gold is ok for domestic costs, a lot of mining inputs are USD based … fuel, machinery so the exchange rate will have some effect on profitability.

    That’s why their interested in signing in AUD imo.
    RMS Price at posting: 69.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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