Can RMS survive a black swan debt trap.
A black swan event is an unpredictable event that crashes the market and caused commodities to slide like 2008.
RMS already has suffered the consequences of poor capital management and as a consequence shares on issue have exploded from around 170 million to 1 billion.
Ramelius Resources liabilities of AU$190.2 million 2021
These liabilities are too high and in the event of a black swan event may impact on RMS. The prolonged effect of a black swan event might empty RMS bank. The market may not have enough momentum to ensure a healthy recovery.
Global liquidity crisis
There is a high possibility that there will be another crash like 2008, high interest rates, a short term gold crash.
Although I believe RMS has long term potential their debt is an issue.
The billion dollar question. Could they go on care and maintenance for 18 months.
black swan debt trap
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Last
$1.96 |
Change
0.075(3.98%) |
Mkt cap ! $2.240B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.92 | $38.99M | 19.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76412 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 265057 | 9 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |