Cincinnati Red,
I have been an AVO holder since it listed and topped up at one stage when they were 12-14 cents.
Much the same with Ramelius and my per share outlay has been more than covered by the divvy, capital return and the free bonus options.
I have watched the share performance of both very closely and it seems that the recent hike in AVO is probably due to an expected increase in its resource.
At this stage, the thing that sets RMS apart from Avoca is that RMS has the potential to reach an AVO resource but more importantly, Ramelius is completely debt free, plenty of cash and gold reserves and owns its own processing plant.
From what I can see the cash operating costs to produce is about $250 per ounce.
I believe that when the "MAJOR" announcement is made by Ramelius the tables will turn and in fact, I have been seriously considering selling some AVO to get some more RMS.
Good luck with these two gems!!
Cincinnati Red,I have been an AVO holder since it listed and...
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Last
$2.22 |
Change
0.020(0.91%) |
Mkt cap ! $2.544B | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.23 | $2.20 | $10.65M | 4.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 272418 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 233080 | 4 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |