Yes David they will crash and burn if they borrow 200 + million to finance a new mill at Rebecca. (every day they wait the price is going up) and gold crashes. So will all gold companies.
If gold goes up they will have a licience to print money. Penny will make them a fortune.
Unfortunately, My view on the gold price is toss a coin, I do not have a clue one way or another.
Hence at the moment I am sitting on the sideline.
I have a question for you David , why are you still holding RMS, if you predict gold will crash.?
market revaluation 75 cents., page-155
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Last
$2.03 |
Change
0.010(0.50%) |
Mkt cap ! $2.324B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.03 | $2.00 | $7.448M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 111978 | 14 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |