RMS is in touching distance of being cash backed. Therefore, limited downside.
I realise that (with higher ASIC) the risk is higher if gold price tanks but on the other side of the coin, would you rather own shares in a company with over 100M in the bank and can ride out the storm, or a debt laden operation that would go out of business.
PS. I don't believe gold prices will tank and hence why I am investing in gold miners...and for me buying RMS and DCN is my preferred way of being exposed to gold.
Ann: December 2017 Quarterly Activities Report, page-7
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Last
$2.10 |
Change
-0.050(2.33%) |
Mkt cap ! $2.411B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.18 | $2.10 | $4.604M | 2.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 145614 | $2.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.11 | 7190 | 3 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |