Can RMS survive a black swan debt trap.
A black swan event is an unpredictable event that crashes the market and caused commodities to slide like 2008.
RMS already has suffered the consequences of poor capital management and as a consequence shares on issue have exploded from around 170 million to 1 billion.
Ramelius Resources liabilities of AU$190.2 million 2021
These liabilities are too high and in the event of a black swan event may impact on RMS. The prolonged effect of a black swan event might empty RMS bank. The market may not have enough momentum to ensure a healthy recovery.
Global liquidity crisis
There is a high possibility that there will be another crash like 2008, high interest rates, a short term gold crash.
Although I believe RMS has long term potential their debt is an issue.
The billion dollar question. Could they go on care and maintenance for 18 months.
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$1.89 |
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Mkt cap ! $2.151B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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46 | 41594 | $1.89 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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46 | 41594 | 1.885 |
26 | 56395 | 1.880 |
18 | 61888 | 1.875 |
16 | 64742 | 1.870 |
14 | 92774 | 1.865 |
Price($) | Vol. | No. |
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1.890 | 25720 | 23 |
1.895 | 27280 | 12 |
1.900 | 96253 | 15 |
1.905 | 75929 | 9 |
1.910 | 23544 | 8 |
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