RMS 2.23% $1.86 ramelius resources limited

reason I bought and hold this stock is because it is one of...

  1. 38 Posts.
    lightbulb Created with Sketch. 10
    reason I bought and hold this stock is because it is one of those high risk or high return stock

    They cost too much to produce gold to survive but I believe gold price is at its bottom and many people only follow gold price in USD. in AUD they broke 1400 dollars.
    http://www.24hgold.com/english/gold_silver_prices_charts.aspx?money=AUSD

    In fear of company getting broke, the share price is really low and for a fair reason. But if gold price raise back. You can expect share price change will be a lot more dramatic then company already making 300 dollars per ounce making 500 dollars per ounce and company which was loosing money start making 200 dollars per ounce.

    I recommend holding no more then 10% of your portfolio for this kind of high risk stock. At the record low 4.6 c it might be a gamble worth taking.
    Last edited by ourforce: 14/10/14
 
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Last
$1.86
Change
-0.043(2.23%)
Mkt cap ! $2.128B
Open High Low Value Volume
$1.89 $1.90 $1.85 $2.349M 1.255M

Buyers (Bids)

No. Vol. Price($)
15 24012 $1.86
 

Sellers (Offers)

Price($) Vol. No.
$1.87 14398 20
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