I am skeptical about Trading Halts. RMS personnel are not working around the clock to announce something on Monday. They would have completed their review in a material sense some weeks ago. I would not be surprised if they had an almost final draft of Monday’s announcement written a week ago.
Prior Trading Halts and Capital Raisings are not at all relevant to this Trading Halt. When they tell you exactly what they will be announcing that is what they will be announcing. They will be announcing the proposed way forward for the former EXU assets and the impact on the future production forecast.
The 1m Oz reserve target is in sight and that magic dividend announcement not far away.
RMS Price at posting:
87.0¢ Sentiment: Buy Disclosure: Held
(20min delay)