It has been a disappointing few months for RMS. Such promise 6 months ago has not been maintained. I feel the last drilling results where inevitable given the results from the earlier. However the overall picture for RMS is still positive. They need to get some income from existing the mine to reassure investors that they can bring the new production.
Here's hoping that there is a turnaround soon. Gold resource stocks must be wound up so tight with the price of gold still holding above 900 but the miners falling. The market thinks that the price of gold is going down any time soon or that miners cannot produce in high amounts to turn a profit. There is talk that some RMS shareholders are heavily margined and some have been margined called forcing them to sell. Could be a factor.
It is a baffling situation. I believe that miners will gap up drastically in the next few months leaving the rest of the market behind.
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7 | 56853 | 2.260 |
4 | 72781 | 2.250 |
6 | 58504 | 2.240 |
3 | 15379 | 2.230 |
Price($) | Vol. | No. |
---|---|---|
2.280 | 49440 | 5 |
2.290 | 156654 | 10 |
2.300 | 173216 | 23 |
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2.320 | 209170 | 6 |
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