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0.89%

$1.98 ramelius resources limited

Ann: Record Production Exceeds Guidance Range - September 2016 Qu-RMS.AX, page-34

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bensingh

280 Posts.

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18/10/16

12:02

Post #: 19934477
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Originally posted by rosencrantz ↑

Gold price is struggling at these levels
and with it goes the RMS share price....until.
My associates and I continue to hold [and are building] a substantial RMS position mainly because it offers a low risk exposure to a rising ( and falling ) gold price.
That it remains still independent and therefore quoted is a surprise given the undeniable fundamentals of sustainable mines at 2 separate locations. It is perceived in the professional ranks as higher risk arising from its diminished ,published resource position and a stated 4 year Run of mine life . That may not change for some months ..but it's my belief that this perceived weakness will be addressed by the company ..and by the wider universe of investors. It should be remembered that the market's implied enterprise value in its mines has been persistently low for a few years. There was a time when Mt Magnet + Vivien was valued in the stockmarket ( after deducting the RMS cash position from its Market Cap) at a paltry $4million !
So, be assured the stockmarket regularly gets its wrong Mr Singh.

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Cheers for the info!

I am indeed very aware of the uncertainty in the market Mr. Crantz.

Good luck to all

RMS Price at posting: 45.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.98		Change 0.018(0.89%)		Mkt cap ! $2.262B

Open	High	Low	Value	Volume
$2.02	$2.04	$1.97	$2.449M	1.227M

Buyers (Bids)

No.	Vol.	Price($)
13	12086	$1.98

Sellers (Offers)

Price($)	Vol.	No.
$1.98	19582	19

View Market Depth

No.	Vol.	Price($)
13	12070	1.975
22	51680	1.970
15	46357	1.965
14	54923	1.960
10	71328	1.955

Price($)	Vol.	No.
1.980	19582	19
1.985	28967	14
1.990	98969	20
1.995	42847	13
2.000	27300	10

Last trade - 13.57pm 07/06/2024 (20 minute delay)


Last $1.98			Change 0.018 ( 1.62 %)
Open	High		Low	Volume
$2.03	$2.03		$1.97	319883
Last updated 14.17pm 07/06/2024 ?

RMS (ASX) Chart