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$190.2 million 2021
These liabilities are too high and in the event of a black swan event may impact on RMS. The prolonged effect of a black swan event might empty RMS bank. The market may not have enough momentum to ensure a healthy recovery.
Global liquidity crisis
There is a high possibility that there will be another crash like 2008, high interest rates, a short term gold crash.
Although I believe RMS has long term potential their debt is an issue.
The billion dollar question. Could they go on care and maintenance for 18 months.
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Open | High | Low | Value | Volume |
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4 | 13909 | 1.930 |
4 | 60446 | 1.925 |
3 | 30351 | 1.920 |
5 | 12142 | 1.915 |
Price($) | Vol. | No. |
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1.945 | 3271 | 1 |
1.950 | 3271 | 1 |
1.955 | 55861 | 5 |
1.960 | 15457 | 3 |
1.965 | 15442 | 3 |
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