RMS 1.38% $2.20 ramelius resources limited

March Quarterly, page-105

  1. 4,548 Posts.
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    Hi all,

    Still waiting several c below the current price and confident my buy will get filled in due course. The rather manic daily postings on here are amusing, no criticism, reminds me of where I started a decade or more ago on HC we all started somewhere. Personally I would not touch the opts with a barge pole here, way too much risk IMO probably a 50/50 call, it would only take a delay in financing a new project, a grade issue with the new pit or POG slumping or AUD rising and the opts will be out of the money, lack of liquidity will leave opt holders in the cold.

    For me RMS is a medium long term investment, eventually multi mine, + 100k oz pa at good margin and wait for POG to break $1400 USD and it will be all on.

    Good luck to all
    Last edited by gonnfishing: 01/05/15
 
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