The interest in RMS today probably comes from todays Eureka Report. In an article by Tim Treadgold 'The Golden Conundrum' RMS is listed as a favourite pick. An extract from the article below :
" Four of the six stocks that attracted interest at the Perth gold conference are in production: Ramelius Resources, Avoca Resources, Silver Lake Resources, and Focus Minerals. Two more are about to pour their first gold: Catalpa Resources and Navigator Resources. The following three are the standout attractions.
Ramelius (RMS) has been profitably producing gold from its Wattle Dam mine south of Coolgardie in WA for the past three years, and has recently started extracting gold via a high-grade underground development at the same site with output hitting a record 20,832 ounces in the December quarter. Ramelius recently lost a drawn-out takeover battle for the smaller Dioro Exploration. On the market, Ramelius has been a laggard, rising from 41 to 52, valuing the stock at $151 million."
RMS Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
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