RMS 0.53% $1.91 ramelius resources limited

I agree RMS will follow gold however, gold price has dropped...

  1. 401 Posts.
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    I agree RMS will follow gold however, gold price has dropped just below 3% since its May high, RMS has dropped just over 7.5% since its May high. They have a strong bank book, a decent amount of hedging and a strong reserve outlook. Throw in the potential for good grade strikes or increased reserves (as have been previously implied) and I think the current profit takers will want to buy back in quickly. At the current 0.587 I think they are in oversold territory considering the above.

    GLTA
 
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