Ann: September 2023 Quarterly Activities Report, page-45

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BullishBearish

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26/02/24

09:29

Post #: 72590861
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Originally posted by triage: ↑

"Most people can't get their head around that fact."

I love it when some anonymous drop-kick on a stock forum claims that they are one of the chosen few who understands that the entire corporate world is fully explained by something as simple as a wave chart. I've actively followed the gold sector for decades and at any given time over that long period there's always been a smattering of noahs spreading the word that a flood of gold riches was imminent. Many arks later not one so far has got it right. So, good news, dhead: you are still in the running to be the first one to be right about gold, and the second Noah to successfully call a flood.

Moving on ...

... It will not surprise you, tangs, but I'm not convinced that what RMS needs for price support is a steady flow of Mt Magnet drill results. I reckon the market already knows how good Checkers and Maggie is, particularly now that the Musgrave deposits are included.

For me, the two strategic and one tactical concerns that worry the market are:

1. Is Ramelius about to become a single hub operator? This is the monster question: What will happen to Edna May and when will they acquire their "third" (or maybe "second") hub. To answer that question may come with a price tag of anything between $500m to $1b. But either way if they allow themselves to fall back to producing less than 200kpa oz from a single source then they risk dropping down into a different league of gold company.

2. What the hell are they going to do with Rebecca and Roe? Are they willing to put in maybe $200m to $300m and maybe 18-24 months to install a plant there for what after all would be at best an average operation? Could be good money after bad, particularly if they are indeed still chasing that third hub.

3. And tactically, given they have so much ore around the Checkers mill why don't they get on with upgrading and expanding the old dear or do they see it as having reached the cash cow stage where they flog it into the ground?

Anyway, for the regulars nothing new from me, I've banged these drums repeatedly in the last couple of years. I just got triggered by old mate, noah.

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I guess that first part was aimed at me..... yet despite the whole corporate world, the price chart has moved toward the stated price target dated Nov 2023? You can disregard information from posters it's a free forum and we're all here to exchange ideas. But if you don't agree why overtly rubbish and idea it especially one proven to be correct months in foresight?

Last edited by BullishBearish: 26/02/24

RMS Price at posting: $1.37 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $2.39		Change 0.050(2.14%)		Mkt cap ! $2.760B

Open	High	Low	Value	Volume
$2.33	$2.39	$2.31	$10.43M	4.411M

Buyers (Bids)

No.	Vol.	Price($)
1	4100	$2.38

Sellers (Offers)

Price($)	Vol.	No.
$2.39	41331	7

View Market Depth

No.	Vol.	Price($)
1	4100	2.380
1	400	2.370
8	118214	2.360
4	63040	2.350
3	60057	2.340

Price($)	Vol.	No.
2.390	41331	7
2.400	94500	6
2.410	84800	1
2.420	2750	1
2.440	20290	3

Last trade - 16.10pm 31/10/2024 (20 minute delay)

RMS (ASX) Chart

Ann: September 2023 Quarterly Activities Report, page-45

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Ann: September 2023 Quarterly Activities Report, page-45

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