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$2.05 ramelius resources limited

Ann: Company Update, page-43

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kgtom

2,993 Posts.

123

11/01/19

10:04

Post #: 37088683
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Originally posted by glend: ↑

Implementation of a new dividend policy that targets a minimum $0.01/sharepayment per annum subject to meeting mining reserve and cash/gold thresholds

Very good to hear. If RMS provides a dividend of 0.03 (yes I'm greedy) it will help push the SP up and over $1.00. Having a higher sp means less share dilution for future acquisitions. Thus the $15M outlay can be seen as an investment in the companies future.

Given RMS is a low risk investment I can see it attracting more and more attention from investors in coming quarters. Gold in australian terms is at all time highs. Whilst DOW remains skitzy we are likely to see that continue (USD is still the best port in a storm).

I think RMS management is doing a great job. Thanks Guys.

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Glend, 3c div not sustainable at this stage, thus won't help SP IMO. 3c/yr equates to $20m. With so much going on they'll a CR sooner rather than later.

RMS Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.05		Change 0.000(0.00%)		Mkt cap ! $2.342B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	475	$2.10

Sellers (Offers)

Price($)	Vol.	No.
$1.97	86	2

View Market Depth

No.	Vol.	Price($)
2	475	2.100
1	27	2.090
1	6850	2.050
1	6850	2.040
2	11870	2.030

Price($)	Vol.	No.
1.970	86	2
2.030	2743	1
2.040	6980	2
2.050	12225	5
2.060	34774	4

Last trade - 09.37am 28/05/2024 (20 minute delay)

RMS (ASX) Chart

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