RMS cash & gold on hand have increased by about $29m or 5c from a year ago. $90m (Mar17) - $38m (Mar16) - $25m (CR@50c) + $2m (? CR fee) = $29m. $29m/525m shares = 5cps. Share price has gone nowhere, or up a few cents, despite the fact RMS having done a lot in the past 12 mths. FY June16 profit was $27.5m, so I expect more this FY.
We've been getting around A$1600 gold price for the 1st qtr which caused RMS not to have added more cash. Some capital spend might have contributed to that. I wasn't happy when they hedged a large amount last year A$1600. Could have been much better. Anyway, we should be adding more cash now that the gold price is A$1700, and there is an additional 30koz hedged at A$1830.
Believe in the medium to long term prospects in RMS and we'll be hugely rewarded. I won't say good luck because that's a gambling mindset.
16 cents, page-12
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Last
$2.33 |
Change
-0.060(2.51%) |
Mkt cap ! $2.691B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.36 | $2.29 | $6.540M | 2.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 163521 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 67017 | 5 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |