RMS 1.59% $1.92 ramelius resources limited

Strong growth in Second Half, page-4

  1. 1,072 Posts.
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    I think we are just in a quiet time for trading. Guidance for the year ending June 2020 still stands at 205,000 - 225,000 ounces and in his address at the AGM Mark predicted a record second half to the financial year. Only 92,000 ounces have been produced so far so to meet even the lower end of guidance another 103,000 ounces must be produced.
    The fundamentals couldn't be better with so many drill results to come, with so much promise. Eridanus looks great as does Symes Find, Tampia about to be extensively drilled and Marda already being mined and I assume carted. I also expect really good results from the 3 undergrounds at Vivien, Edna May and Mt Magnet . I won't mention the other possibilities apart from saying that Greenfinch will probably start being mined in the next 6 months
    All of these developments at a record price for gold of A$2,240 per ounce, that is a brilliant margin for any gold producer. Once again Good Luck in 2020 to all the jockeys on the Golden Horse
 
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$1.92
Change
0.030(1.59%)
Mkt cap ! $2.194B
Open High Low Value Volume
$1.94 $1.95 $1.92 $7.450M 3.862M

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No. Vol. Price($)
4 72964 $1.92
 

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Price($) Vol. No.
$1.93 42195 3
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