RMS 2.13% $1.95 ramelius resources limited

I agree with Plough on this one. I intend to ride the current...

  1. 1,218 Posts.
    I agree with Plough on this one. I intend to ride the current wave but will be fully out before they get the open pit developed. Not really anything to do with management or RMS, just makes sense to me to take the profit at the top and sit back and watch a while. These sorts of developments have a history of soaking up more than estimated in cash. I am thinking of CAH and how their open cut looked like a winner. I am long gone from that stock but think that the current share price is still way under the price of the stock when it was just an potential miners. I think it got to low 20's then which translates to $1.80 odd now. That is about 4 years of money sitting there doing nothing for long term holders. Best of luck to the long termers.
 
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