rms have a mc of 170mil plus cash of 100mil=270mil
they'll turn a profit of 40-80mil thru this calender year. they're in a good position compared to a lot of other goldies.
rms has been sold down with the rest of the market but have copped a hard whack because of a poor final 6mths of 2011 at wattle dam. by all reports this has been turned around although current grade looks lower compared to higher levels. but wattle dam has usually surprised to the upside in oz's produced.
mt m has been delayed a couple of months but now up and running. i think all should give it a chance before judging too harshly. blending the low grade ore is common when gold prices are higher. the gold price may be down some but its still strong. if the price drops they can mine the better grades and continue to profit. mt m will be great if gold keeps going higher but will be a nightmare if prices go below 1300 for an extended period.
heres hoping the guys pulling the strings dont have a plan to destroy the gold price
rms have a mc of 170mil plus cash of 100mil=270milthey'll turn a...
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Last
$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.606B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29957 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 319256 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |