wild ride, page-7

For anyone in doubt have a look at a quarterly chart of RMS back to 9 cents in 2004 you will see why I am such a fan. Back then I accumulated at 9 cents because they seemed to have assets and good management and they obviously did as was reflected by the share price in 2007 of $1.90. As with all stocks they were hit by the market and by 2009 were back at 40 cents (Another great time to accumulate)Back up to $1.70 by 2011 and now back down to 40 cents. If you look at the charts I hope you will notice that the historic support at 40 cents is remarkable which is why I feel very confident that the true value of RMS will be realised again at some stage in the future. I don't know when but I am certain the downside is very limited . The assets and fundamentals for this company are now quite different to when they had one mine at Wattle Dam they have a variety of assets and a wide spread of exploration thus reducing risk significantly . RMS has plenty of cash and is I suspect now cash flow positive on a daily basis giving them a lot of power with regard to future developments or acquisitions. I believe the future looks very rosy particularly if the price of gold holds at current levels.