RMS - Ramelius Resources
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curses , and i bought back into SHV ( after exiting in 2018 ) instead of adding extra RMS
i guess time will tell if i was right
i guess time will tell if i was right
Well in hindsight @divs4ever it's always easier to know (good luck with SHV)... but I'd decided to increase my exposure to Gold stocks instead (after bottoming recently) as think Gold is set for a stellar 2023 imo
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Two of Australia’s biggest Gold miners say the “unravelling of cryptocurrency” will add to bullish conditions for Gold in 2023 as it looks to reclaim its status as the world’s standout non-currency store of value.
Worth noting EVN boss Jake Klein told shareholders at the company’s AGM yesterday "the FTX platform's multi-billion dollar crypto collapse reinforced Gold’s place as the superior store of wealth globally.
The recent developments in the crypto space, with significant losses incurred by investors in FTX & other crypto assets, have also reinforced Gold’s worth as a superior storer of value.
Also, the buying of Gold by central banks, a weaker USD, stabilising bond yields, continued geopolitical risk & the unravelling of crypto “currencies” are combining to give renewed support to the Gold price & Gold equities”.
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a cryptocurrency is only method of exchange , you can't eat it , you can't burn it for warmth , you can't even use it as a tooth filling ( like gold or silver )
gold is a tangible item , which some people desire , or considers useful
HOWEVER the current gold price is a completely artificial notion , until folks start swapping gold( and silver ) for essential goods it won't have a real value ( say one ounce of gold gets you a dairy cow and calf )
gold is a tangible item , which some people desire , or considers useful
HOWEVER the current gold price is a completely artificial notion , until folks start swapping gold( and silver ) for essential goods it won't have a real value ( say one ounce of gold gets you a dairy cow and calf )
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Website: https://www.rameliusresources.com.au/
Projects - https://www.rameliusresources.com.au/#
This share collapsed in price some years back reaching under 5c a share. Then it rocketed upwards in 2018/2019 to -- look at the chart you won't believe it. The good news is I bought below 5c. The bad news is I jumped out far too early but made a good profit. Originally my first purchase was at over $1.50 and then it descended to below 5c. So the profit was less than $1,000 in the end - a case of must do better.
Long term live charts - https://uk.advfn.com/p.php?pid=staticchart&s=ASX^RMS&p=5&t=1
Projects - https://www.rameliusresources.com.au/#
This share collapsed in price some years back reaching under 5c a share. Then it rocketed upwards in 2018/2019 to -- look at the chart you won't believe it. The good news is I bought below 5c. The bad news is I jumped out far too early but made a good profit. Originally my first purchase was at over $1.50 and then it descended to below 5c. So the profit was less than $1,000 in the end - a case of must do better.
Long term live charts - https://uk.advfn.com/p.php?pid=staticchart&s=ASX^RMS&p=5&t=1
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RMS AISC from the past 5 quarters has gone from: $1,493->$1,596->$1,564->$1,930->$2,153... Good thing gold is up!
That's a cash balance drop of about $16 million in the quarter after adjusting for the dividend. The question investors should be asking... Will you really see any return on that $10.3 for penny and galaxy? Did the $7.7 million in exploration deliver anything? Will the Marda open pit be profitable and payback the capital? I say this almost every month... These miners are almost always cash burning entities, paying low yield dividends over the long run. The only way to make money is (in my opinion) to trade in and out for capital gains based on commodity sentiment (and inside knowledge of the pump-n-dumpers).
That's a cash balance drop of about $16 million in the quarter after adjusting for the dividend. The question investors should be asking... Will you really see any return on that $10.3 for penny and galaxy? Did the $7.7 million in exploration deliver anything? Will the Marda open pit be profitable and payback the capital? I say this almost every month... These miners are almost always cash burning entities, paying low yield dividends over the long run. The only way to make money is (in my opinion) to trade in and out for capital gains based on commodity sentiment (and inside knowledge of the pump-n-dumpers).
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Mark Zeptner snorting up more of his shareholders' equity. Still, the shareholders approve it. Seems to be one of the more acquisitive m.ds. Good to see him prospering anyway, he risks his life daily for us. Wonder what the performance hurdles are - turn up for work probably .. breathe.
Maybe another reason why W.A gold miners are currently "uninvestable" to quote BtL finance.
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Maybe another reason why W.A gold miners are currently "uninvestable" to quote BtL finance.
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Sean K
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Looks like a good bolt on with a lot of cash in the bank?? Any synergies or just an extra deposit?
Sean K
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makes my top up buy in February ( 2023 ) @ 85 cents look less silly
still a little under-water on RMS overall , but certainly an interesting move
still a little under-water on RMS overall , but certainly an interesting move
Sean K
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was after gold producers in general as a long term play , and looking for ( future ) income streams as a priority
seems 'the hub strategy ' is catching on , i wonder if the skilled worker shortage accelerated the popularity .
seems 'the hub strategy ' is catching on , i wonder if the skilled worker shortage accelerated the popularity .
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now one question i haven't seen asked recently in this sector is ....
are we now in a resource sector consolidation phase ( drifting out of the 'super-cycle' )
are we now in a resource sector consolidation phase ( drifting out of the 'super-cycle' )
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To do with the offer for Musgrave (MGV) going compulsory for the remaining 10% and construction progress at high grade Penny mine, as well as Penny mine resource increase.
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Wins for Ramelius
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Wins for Ramelius
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Possible scenario of a cup and handle continuation happening - just imagine a downsloping resistance line across the previous three peaks made over the last two years. Price is poised at that resistance line now with some biggish recent volume. Might be a pullback before breakout if a breakout does indeed occur. Can't see the value in a higher price from FY23 results but others might see more value in the future, with RMS's recent acquisitions and past history of making acquisitions work well. Plus the developing high grade Penny mine is portrayed by the company as progressing well.
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