RMS 3.43% $2.41 ramelius resources limited

Ann: March 2021 Quarterly Report Guidance Eridanus Orion update, page-78

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  1. 12,053 Posts.
    lightbulb Created with Sketch. 6839
    For those looking for some weekend reading, RMS now have 5 new broker reports post the April Quarterly (some have been on their website a little longer than others).

    RMS broker reports

    Some are rather brief.... (EUROZ is the newest)

    https://hotcopper.com.au/data/attachments/3141/3141440-15df2e61ab6e09906b66145057846a91.jpg

    https://hotcopper.com.au/data/attachments/3141/3141443-7def51169672f6e054d22770bfcb0293.jpg

    https://hotcopper.com.au/data/attachments/3141/3141444-5d1efd1404d88bfdb42c131dd0365d4c.jpg

    Would be interesting to read RBCs report. $1.50 target.... do they know something we don't, or perhaps expect inflation to be 'transitory'....

    https://hotcopper.com.au/data/attachments/3141/3141446-ecb6a2464d8e806d652674c1f14b5d90.jpg

    Should be interesting to see if RMS are able to slightly increase FY2022 production.

    https://hotcopper.com.au/data/attachments/3141/3141451-0f6056cf2b955d738b0e5012cedf9b0a.jpg
    I note that the broker was a little disappointed with the deeper drilling at Eridanus...

    https://hotcopper.com.au/data/attachments/3141/3141454-cfdd57a0b4022dcf943a595b31c74547.jpg
    The June Q should see an much better cash build (I think it might just get above $25m, due to extra sales).
    Must be a strange situation to be in, having almost 1/4 billion in cash. Careful MZ, must be challenging as the each acquisition seems to get bigger and bigger.

    https://hotcopper.com.au/data/attachments/3141/3141463-65b9e78e22a2eb39ae95a86793d596a2.jpg
    Good luck to all holders.
 
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