David115,
I have next major support at $1,525.
All RMS shareholders should watch the following 10 minute clip: http://www.youtube.com/watch?v=fs_pqqlgCPA&noredirect=1
A lower POG will kill of many projects that are currently in DFS or PFS stage. Gold stocks to hold are those with proven inventories of gold, cash at bank and profitable margins.
Our share price rose to 56c on the beleive that Mount Magnet costs of production would be lower. They were not and we have been beaten down to 40c.
If we can get cost of production at Mount Magnet fo under $1,000 per ounce and acheive our targeted rate of production, what do you think RMS is worth?
I maybe wrong but I won't be selling my RMS shares at these prices.
more pain on the way, page-12
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Last
$2.05 |
Change
0.010(0.49%) |
Mkt cap ! $2.347B | |||
| Open | High | Low | Value | Volume |
| $2.08 | $2.11 | $2.04 | $6.948M | 3.355M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12337 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 4000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |