RMS is in touching distance of being cash backed. Therefore, limited downside.
I realise that (with higher ASIC) the risk is higher if gold price tanks but on the other side of the coin, would you rather own shares in a company with over 100M in the bank and can ride out the storm, or a debt laden operation that would go out of business.
PS. I don't believe gold prices will tank and hence why I am investing in gold miners...and for me buying RMS and DCN is my preferred way of being exposed to gold.
Ann: December 2017 Quarterly Activities Report, page-7
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Last
$2.31 |
Change
-0.050(2.12%) |
Mkt cap ! $2.668B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.35 | $2.31 | $1.184M | 508.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 46168 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 15988 | 17 |
View Market Depth
| Last trade - 12.21pm 05/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |