Yes David they will crash and burn if they borrow 200 + million to finance a new mill at Rebecca. (every day they wait the price is going up) and gold crashes. So will all gold companies.
If gold goes up they will have a licience to print money. Penny will make them a fortune.
Unfortunately, My view on the gold price is toss a coin, I do not have a clue one way or another.
Hence at the moment I am sitting on the sideline.
I have a question for you David , why are you still holding RMS, if you predict gold will crash.?
Yes David they will crash and burn if they borrow 200 + million...
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Last
$2.17 |
Change
-0.010(0.46%) |
Mkt cap ! $2.491B | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.24 | $2.15 | $8.414M | 3.842M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 289 | $2.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.17 | 177098 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |