this is bad.
investor/funds don't are about the reasons why.
the trajectory of the cost increases has been increasing Qtr on Qtr at an alarming rate & the rate which gold is sold isn't increasing inline with the cost increases.
Investors will now forward look this trend.
Van Eck has been re balancing their GDXJ weighting and RMS has been getting dumped and i don't think they have stooped yet.
One more Bad Qtr and it'd be time to start thinking about cutting back in some production, conserving cash and focus on bringing Rebecca online. We don't need big ounces to have a strong market cap. We need low cost profitable mines.
CMM doesn't have a large production profile but they are the lowest producing gold mine in WA and Van Eck have been loading up on CMM.
When margins become razor think, it isn't something you want to trade your way out of.
Ann: September 2022 Quarterly Rpt, Bartus Group & drill results, page-6
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |