RMS 2.10% $1.87 ramelius resources limited

refocus on exploration, page-19

  1. 38,609 Posts.
    lightbulb Created with Sketch. 503
    As far as SLR is concerned they have a buy back operating to support the price which isn't the whole reason but must be considered .
    Whether it was the new acquisition as well or the pile of cash without perhaps RMS need for cap spend I don't know but I can say I'm still happier holding RMS than SLR and believe it will all come out in the wash .

    A month or two back I mentioned that I'd noted that RMS GOR and SBM were all almost identical price and about 30c below SLR .
    WGX has been higher for some time , less shares on issue .
    As of now almost identical in terms of their price comparasins with each other as they were then .
    SBM has moved up off it's lows a touch but RMS a touch higher than GOR and SBM .
    The price movements in the sector may vary day to day ,(RMS about best today) , but over time really it's almost entirely sector movements ....not just GP but also COVID and higher AISC( from all} factored in as well .

    So you MAY be tempted to ask the question .... what's wrong with RMS because it's SP not moving much .... but tell me if you find it 'cause I don't know of anything .
    Also from what I'm seeing generally all golds treated pretty much the same .
    Still , I never mind the Q being asked , always good to question !
    On the other hand I wouldn't sell unless I could find a good solid reason to , sp can be stubbornly low without apparent reason and then move quickly and it's the fundamentals that always count in the end !
    GLTA

    PS Another thing to keep in the back of minds is that while GP rising at present so is oil price .
 
watchlist Created with Sketch. Add RMS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.