Good report well done!
Couple of observations..
It appears that RMS has depreciated their assets faster than what their useful life is showing
For production costs to drop so dramatically they must be operating efficiently..?
New is not always better and whole of life analysis suggests that refurbishment and progressive upgrade is more cost efficient in some circumstances than a new facility
Also by depreciating assets so quickly they will see a commensurate saving in depreciation costs reducing overall costs significantly
They are still looking good for 30m profit imo and if gold moves higher over 1350.. then maybe 40-50m
RMS has turned the corner in reducing costs and has new projects coming online towards the end of this year
I think you are being a tad harsh in your analysis and seem to refute the data as being unbelievable although impressive..
Surely a hold recommendation would be the minimum from any reputable commercial analyst rather than an outright sell?
RMS Detail Analysis, page-5
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Last
$2.14 |
Change
0.040(1.90%) |
Mkt cap ! $2.456B | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.15 | $2.07 | $5.340M | 2.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 96948 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 39393 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |