Under valued. Compared to its peers, very.
http://www.stocknessmonster.com/news...E=ASX&N=703915
Printable View
Under valued. Compared to its peers, very.
http://www.stocknessmonster.com/news...E=ASX&N=703915
A very cheap gold stock !
Ramelius up on Mt Magnet hitsThe West AustralianJanuary 3, 2013, 9:23 am
http://l.yimg.com/ea/img/-/130103/421253398-18e9nsj.jpgThe West Australian © Ramelius up on Mt Magnet hits
Shares in Ramelius Resources were firmer after the company announced more encouraging drill results from its Water Tank Hill prospect at its Mt Magnet gold project.
Drilling last month encountered hits of 9.2 metres at 13 grams per tonne gold from 250.5 metres, including five metres at 22.90 grams per tonne and 19 metres at 6.53 grams per tonne from 194 metres, including five metres at 17.8 grams per tonne.
The holes were drilled below the Water Tank Hill pit, 4km south southeast of the company's Checkers Mill at Mt Magnet and 250m west of the existing St George underground mine decline which was mined between 2005 and 2007.
Ramelius said drilling was scheduled to recommence this month and further results would be released when they became available.
Shares in the company were up 1.2 cents, or 2.61 per cent, to 47.2 at 9.20am.
Ramelius on the move, if u do not own some form of gold, u have no protection when the US$ ponzi scheme collapses.
Ramelius on the other hand, will open up a new high grade gold mine.
An old decline already handy and 4 km to the mill ( already in operation )
Watch this space ;)
Should be interesting if it closed above 50. For nearly 3 months RMS could not break 50. This could be the day. FML looks the goods too with their massive cash war chest.
Yes Soulman, 50 cents broken. Unfortunately RMS is a prime takeover target, like FML was. You have done well with FML, not my cup of tea any more, theyy blew it and the Chinese will give nothing away.
I'm betting Water Tank Hill will be a beauty................. Exciting times ahead for RMS. I'm just hoping the price gets to 60 cents before the Chinese pounce. This quarter will be fairly good, which will help, along with the gold price averaging $1600
Borrowed from Hotcopper.
Below is from James Gerrish of Novus Capital. Every morning he does an email (which I recieve). Apparently he has a very loyal following:
"TAKEOVER TARGETS....
In the three years since 2009 J.P.Morgan's specialist sales and sales trading desk has picked 20 stocks that have received takeover approaches including Discovery Metals Ltd. Flinders Mines Ltd. and GrainCorp Ltd.
The Australian team, led by Sujit Dey, has put together its top M&A picks for 2013.
Gold consolidation will continue in 2013 and our picks are Ramelius Resources, Perseus Mining and Medusa Mining. Perseus's scale and ability to produce more than 500,000 ounces a year once its Tengrela project is developed could be attractive to global gold majors comfortable with sovereign risk associated with operations in Ghana and Cote
D'Ivoire."
Happy to pay 40.5c today ...bouncing on it's low's like many goldies ...looking for a short term trade
Goldies out of favour jb. Glad i got out of fml b4 the plunge. Seems cost pressure is burning their cash holdings. Definitely a bounce for beaten goldies are immiment but if they r unprofitable, then they r a bad investment imo. I can only see div paying stock doing the hay these days.
yes as to why I sold half my PGI holding yesterday ....but then thought we may see a bounce in the gold price and the fact the PGM sector is so unloved at this stage
also RMS long term low is only couple cents away ...last Qty RMS had 55.6mill in cash & investments..... Qtr on Qtr RMS are increasing Gold production and grade...exploration results have been good ...If they can continue to increase grade then costs will lower and profits will increase along with the SP as long as gold doesn't continue downwards .....