Esh, have a coldie. I'm with you - it's ALL about the fundamentals. Archer bitches about the stocks he's in, and the stocks he's not - he just bitches. The fact is the POG is up around $14 an ounce over 36 hrs as I write this, with a rate hike in between. The sky didn't fall. The fundamentals remain - highly profitable operation ( atm ), great cash reserves, high probability of significant resource upgrade. What's not to like? The POG is hostage to so many variants, Nostradamus couldn't tell you where it will be in 12 mths. Our moat is the $AU. It historically reacts negative to positive $US , and vice versa. If $US falls, POG should rise. If history repeats, it gives us a security blanket, providing things don't get ugly. Again, the fundamentals remain. It's only a guess, but I suspect a 2c dividend in 2016-17, notwithstanding a crash in POG. Even for those that bought in at the peak, that's a very healthy return. A decent resource upgrade may also see RMS appear on a predators radar. Archer, have 6 coldies - it might put a smile on your dial. Merry Xmas to all.
Fundamentals, page-52
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |