I still think RMS will crashed through 90 cents in the short term Drill. Are you still in?
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I still think RMS will crashed through 90 cents in the short term Drill. Are you still in?
No souly, I took a small profit but may re-enter again as it starting to turn into Chop.
Will be active on any breakouts though :)
No breakout here Drill. Just downhill slide. I myself exit all holdings in RMS at 81 cents when TA say it's going no where.
The quarterly out today was shocking, as illustrated by the share price reaction. Definitely one of the stock to avoid at present.
Is it just me or is it hard to make a snack on the market these days.
Tough gig these days JB.....personally I think the gold sector are a goner. Firstly AXMDA and NAV looks certain to collapsed. All the others are struggling and the African gold sector with the likes of NMG, PVM, GRY are struggling in share prices.
Graphite seems to be the new thing after shale gas. We got the likes of SYR, MOX, AXE and MGY flying the last few weeks but that could cool down any minute.
JB, you trading well?
Trying too,, made a few dollars on AGS-- hoping to take some profits off SSN,VIL May-june more short term trading really all of my holdings have got big MAY-JUNE could well be in a great position late june or super pissed ....
Yes PM sector is struggling just take a look at the blue chip NCM $26 valued by many analysts at round $40 while it keeps increasing cashflows the whole sector is out of favor ...much of the short term market follows one another as we have seen from Oil-U308-Silver/gold-REO-Shale oil/gas-graphite etc
Personal with Oil over $100 and Gold $1650 ....I'm happy to invest on the fundamentals of some of the micro-jnr plays in these sectors being the cheapest I've ever seen in 10yrs to sales prices...also if say Oil shifted over $130bbl and gold broke 1800 you watch the sentiment change and the short term money flow back to where the movement is...away from newest craze
Well Mt Magnet., one hell of a gold mine in the past and will be again soon.
This is the second intercepts of late and they are impressive!:eek2:
http://www.stocknessmonster.com/news...E=ASX&N=696277
I'm picking this is the last chance to pick up dirt cheap shares.
Close to full production at Mt Magnet and added bonus, a satalite site, to produce an additional 18 million profit,
in 2013.
Go ahead for Western Queen South gold project
http://www.stocknessmonster.com/news...E=ASX&N=699118
yes should re-rate on good production rates wasn't long ago RMS looked cheap at over a dollar
might get some for a ST trade
Quarter as expected, three months till higher grade ore mined, then the fun begins. As long as gold hangs around |$1,600 + OZ an ounce.
Exceptional gold intercepts at Water Tank Hill, Mt Magnet.
1m @ 10.85 g\t
12m @ 12.14 g\t
14m @ 12.84 g\t
16m @ 11.27 g\t
http://www.stocknessmonster.com/news...E=ASX&N=702996
Under valued. Compared to its peers, very.
http://www.stocknessmonster.com/news...E=ASX&N=703915
A very cheap gold stock !
Ramelius up on Mt Magnet hitsThe West AustralianJanuary 3, 2013, 9:23 am
http://l.yimg.com/ea/img/-/130103/421253398-18e9nsj.jpgThe West Australian © Ramelius up on Mt Magnet hits
Shares in Ramelius Resources were firmer after the company announced more encouraging drill results from its Water Tank Hill prospect at its Mt Magnet gold project.
Drilling last month encountered hits of 9.2 metres at 13 grams per tonne gold from 250.5 metres, including five metres at 22.90 grams per tonne and 19 metres at 6.53 grams per tonne from 194 metres, including five metres at 17.8 grams per tonne.
The holes were drilled below the Water Tank Hill pit, 4km south southeast of the company's Checkers Mill at Mt Magnet and 250m west of the existing St George underground mine decline which was mined between 2005 and 2007.
Ramelius said drilling was scheduled to recommence this month and further results would be released when they became available.
Shares in the company were up 1.2 cents, or 2.61 per cent, to 47.2 at 9.20am.
Ramelius on the move, if u do not own some form of gold, u have no protection when the US$ 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 .....
Shareholders in Ramelius Resources (RMS) have seen their holdings go from a 52-week high of 91c to 31.5c on Friday. Nevertheless, the company is persevering with attempts to keep output at its Mt Magnet operation above 100,000oz a year. Mining has now begun at the Western Queen South project 90km away where over 12 months it is intended to scrape out another 23,000oz.
This is part of the historic Western Queen deposit which was mined between 1926 and 1937 by Western Queen NL until the mine shaft collapsed and water inflows made mining impossible. The average grade was a handsome 17.23 grams/tonne. The former Western Mining Corp in 1990 thought about reopening the mine, estimating the resource to be 500,000 tonnes at 11g/t. But the gold price in the 1990s hardly encouraged thoughts of ploughing capital into brownfield projects.
----keen to BUY back in low 30's .....
Not yet JB. RMS at 22 represent a low EV. Whether gold production is cash positive is one thing. The market are saying no...and they are saying that cash will be depleted due to falling gold price and rising labour/capital cost.
Maybe some corporate activity is coming soon in this sector, with SLR and NST the biggest predator.
Yeah crazy times just when I can't believe at what price holders are selling there shares at to then see it 50% lower weeks later !!?? WTF I'm glad I didn't get back on board RMS(must be close to cash backing) ....and instead brought back into PGI been much more steady of late ....Got to be a great time to start investing in the resource sector IMHO BUY when everyone is losing there heads >>>
The SKY IS FALLING THE SKY IS FALLING !!...
I've been trawling through a few Aussie gold stocks to try to find one with:
- steady production
- several years' worth of reserves
- low operating costs
I thought I'd almost found one in RMS before reading that the latest quarterly production from Mt Magnet, which provides the bulk of the company's output, had a cash cost of AUD1396 per oz!
Conclusion - RMS isn't the one either. Any contenders out there for the "title"?
Disc: I hold a few SLR, a legacy from the takeover of IGR. SLR's not "it" either!
Thanks, tricha.
NST onto my watchlist for the eventual, inevitable rebound in the PoG. No hurry.
:cool:
Ramelius Resources (ASX:RMS) has agreed new terms for the acquisition of the advanced Vivien gold project in Western Australia from Agnew Gold Mining Company, a subsidiary of Gold Fields Limited.
Ramelius will still acquire the Vivien project for a total of A$10 million, of which A$500,000 has been paid.
Ramelius and Gold Fields have agreed that Ramelius will make two staged payments of A$5 million initially on or before 31 October 2013, and A$4.5 million on or before 30 June 2014, to complete the acquisition.
Ramelius will have access to the Vivien tenements for exploration purposes once it has completed the first payment, with infill and extensional drilling to commence shortly thereafter, expected in December.
The Vivien gold project is a high grade vein style deposit located near the Agnew gold mine in the northern goldfields of Western Australia, and carries a current Indicated Mineral Resource of 579,000 tonnes at 8.3 grams per tonne for 154,000 ounces of gold.
Ramelius has also agreed to place 25 million new ordinary shares at $0.20 to Sprott Asset Management to raise A$5 million, with the funds being directed towards finalising the acquisition.
The significant injection of funds by Sprott, a leading Canadian Fund Manager and substantial shareholder in Ramelius, demonstrates a high level of confidence in the new project.
Ramelius' strategy of adding a synergistic, low cost, high grade gold mine to its portfolio appears sound.
Aspect huntley report
http://www2.aspecthuntley.com.au/pdf...cedprofile.pdf
Well haven't had the best of relationships with RMS in the past last time paid 18.5c sold 16.5c before than much of the same ...At present trying to BUY @ 6.7c .....
At these levels RMS has a market value of 26-27mill
for that you get
- projected 80,000oz for this year (growing 150koz from new high grade projects 16/17+)
-1.28moz Gold resource (two new high grade project to drive this much higher)
-round 15mill in cash (trying to raise another 8mill)
-Higher total in all production Costs per oz 1200-1300oz AUD (current price 1410AUD =8-16mill EBIT)new higher grade project to lower production costs and increase EBIT ...
-Leverage on high Gold price at these levels think 800k increase EBIT for every $10 raise in gold AUD
Yes too right ..two very costly to replace plants
-The Checker Processing Plant is located at the Hill Fifty mine at Mt Magnet in Western Australia approximately 650km North of Perth.
Project History
The Checker Process Plant is an existing gold plant located at the town of Mount Magnet in Western Australia. The operation is owned by Ramelius Resources Ltd after purchase from Harmony Gold NL in July 2010. The Checker Processing Plant was previously operated by Mt Magnet Gold NL until it was decommissioned in December 2008.
Scope of work
GR Engineering was appointed by Ramelius Resources Ltd to project manage, design, procure and construct the Mt Magnet Gold Project, incorporating the Checker Processing Plant facilities refurbishment and recommissioning.
The refurbished and modified Checker Processing Plant will be capable of an annualised processing rate of 1.7Mtpa, upgradable to 2.4Mtpa.
The plant receives ore delivered to the ROM pad from various open pit ore sources. Processing includes primary crushing, conveying, coarse ore storage, primary and secondary milling, gravity gold circuit consisting of a gravity concentrator and an intensive cyanidation circuit. The balance of gold recovery is obtained from a seven tank CIL circuit, four tonne pressure Zadra elution circuit and electrowinning systems.
GR Engineering commenced the EPC design, procure, construction and refurbishment of the processing plant facilities in April 2011 and the project was completed in November 2011.
Burbanks Treatment Plant
The Burbanks Treatment Plant is located in the Eastern Goldfields region of Western Australia, 8 km south of the town of Coolgardie and 46 km west of Kalgoorlie. The plant was purchased by Ramelius in November 2006 and refurbished. The mill is a conventional CIL circuit, with crusher, ball mill, gravity circuit and leach tanks. The mill has a capacity to treat up to 180,000 tonnes of material per annum.
Burbanks has been instrumental in processing of ore from the Company’s Wattle Dam and Coogee gold mines and has also undertaken a number of toll milling parcels.
Ramelius Resources Limited (ASX: “RMS”) advises that the Company’s 1-for-4 non renounceable Entitlement Offer closed on 25 July 2014.
Applications received under the offer were for 59,580,184 ordinary shares totalling $3,872,712. In addition, pursuant to Underwriting Agreements between the Company and Directors as detailed in the Entitlement Offer Prospectus, the Company will receive additional applications for 1,200,000 shares totalling $78,000.
Pursuant to ASX Listing Rule 7.40 and Appendix 7A, the Company hereby gives notice of a shortfall in subscriptions of 38,733,067 shares.
Under the terms of the Entitlement Offer, the Directors may issue the shortfall shares at their discretion within 3 months of the Offer close date.
The Board of Directors expresses its appreciation to all participating shareholders for the strong support shown under the Entitlement Offer.
Ramelius Chief Executive, Mr Mark Zeptner, today said, “The take up of the Entitlement Offer has been highly encouraging in what is currently a tough market for gold equities and gives Ramelius confidence that it will also be able to successfully place the shortfall.”
100%+ growth in a matter of weeks ....very nice and really just the start 300-400% over the next 12months IMHO
I can't say I've seen much better drill results ann that this latest from RMS
-Infill drilling at Blackmans intersected significant, shallow, high grade gold mineralisation; including
9m at 31.9 g/t Au from 41m (including 3m at 91.9 g/t Au)
7m at 4.53 g/t Au from 53m (including 1m at 28.2 g/t Au)
20m at 2.43 g/t Au from 56m (including 1m at 24.4 g/t Au)
25m at 7.61 g/t Au from 6m (including 3m at 40.4 g/t Au)
15m at 2.50 g/t Au from 40m (including 1m at 17.6 g/t Au)
14m at 4.78 g/t Au from 81m (including 1m at 46.5 g/t Au)
18m at 2.44 g/t Au from 59m (including 1m at 18.7 g/t Au)
13m at 8.27 g/t Au from 23m (including 2m at 32.8 g/t Au)
Up another 20% ..... Today another high grade open pit likely
By mid year ..
Sold my lot for 13c paid av. 6.5c ......think we will see some profit taking(maybe even a pullback in the Gold price run) and I'm very keen to move into the opts-RMSO ex. price 12c AUG15 @4c-5c
Really think the next qtr result along with the high grade projects ramping up will add the steam to see RMS make another very strong surge above 20c well before AUG ex date ....
depending on how the SP runs in RMS - RMSO will see what I BUY up ...certainly don't want to not be on board for more than a week as RMS future looks very 2011 like with AUD gold 1600oz+ (1700oz+ 2011)
and AISC under $1000oz AUD for the DEC14 qtr and predictions of it too not move much higher going see RMS EPS rocket higher ....mid term RMS will look to build one very impressive Cash pile 16fy/17fy 120koz+ production =140-180mill++ if they don't have much CAPEX
Also Blackmans near surface drill results recent show how RMS could well have another major resource of Gold only 20-30kms from their main gold plant ....(I've never seen better in recent times)
Thanks for that info JB ; interesting
I was hoping you would give your opinion based on below report, you seem to a lot more informed on gold mining stocks than some of us.
From NTL's first stockpile of ore which has sitting on the surface for quite some time now, they have revenue being generated - 64.5 ounces @ 42.56g/t - $100k revenue from a few truckloads.
http://www.newtalismangoldmines.co.n...-from-Sale.pdf
Currently ore is transported down the road from Karangahake gorge area to Newmont Gold's facilities in Waihi for treatment, easily within 20-30kms of where ore is currently being dug out from. Then gold reserves stored at secure facility for sale.
Mining permit granted, health & safety plans submitted, plus an application is being considered for an extension of current mining permit to include an exploration permit area just north of current one.
Do you think NTL compares favourably to RMS just based on that alone?
Hi Stumpy,
I would be more worried about Iwi resistence for NTL..
Hey Stumpy,
All mining permits and exploration permits are, i suspect the people in each hapu are twitching at resource consents. i dont know this for sure, but heard that somewhere
Not really a peer company sorry mate RMS has two gold plants giving total 2mtpa potential production of gold ore (only the checkers plant is in operation) From reading the link you provided NTL are toll treating a small amount of high grade au ore ...to bring in 100k NZD
currently RMS are producing 2.5-3mill AUD worth of gold per week....
GUIDANCE ACHIEVED AFTER NEAR RECORD GOLD
PRODUCTION AT MT MAGNET – MARCH 2015 QUARTER
Ramelius Resources Limited (ASX: RMS) is pleased to announce that gold
production guidance has once again been achieved for the March 2015 Quarter,
on the back of near record production of 22,655 ounces from the Mt Magnet gold
mine in Western Australia. A brief update on operational, development and
corporate activity follows.
OPERATIONS
• Mt Magnet quarterly production of 22,655 fine ounces of gold
(Guidance: 21,000-23,000oz)
• Cash cost and All-In Sustaining Cost (AISC) are expected to be below
Guidance of A$1,000/oz and A$1,100/oz respectively
DEVELOPMENT
• Vivien Gold Project (WA) – Funding in final stages of due diligence, project
fully permitted, ready for June 2015 Quarter commencement of
underground mine portal
• Kathleen Valley Gold Project (WA) – BFS completed in February 2015,
environmental permitting nearing completion, targeting June 2015 Quarter
for commencement of open pit mining
CORPORATE
• Cash & gold on hand increased to A$35.8M (Dec Qtr: A$24.7M),
representing a further A$11.1M or 45% increase in the period, nil debt
Ramelius Chief Executive, Mark Zeptner today said:
“The turnaround at Mt Magnet and Ramelius is in full swing now with four
consecutive quarters of achieving production Guidance. Combined with a stronger
A$ gold price, this has resulted in a substantial boost to cash & gold on hand,
which currently represents approximately 7.6 cents per share.”
“The cash generating ability of our Mt Magnet operation, backed by an Ore
Reserve of more than 300,000 ounces, is the result of a sustained effort by our
operations team and is underpinning our strategy of building a profitable gold
business. With two new high grade mines coming on stream shortly, Ramelius is
well placed to take advantage of the current Australian dollar gold price.
RMS breakout from 15c resistance ....>>>> 20c here we come
Ramelius signs on for Clancy project 30TH APRIL 2015 BY: ESMARIE SWANEPOEL EMAIL THIS ARTICLE © REUSE THIS PERTH (miningweekly.com) – Gold miner Ramelius Resources has signed a A$2-million farm-in agreement with fellow-listed Clancy Exploration over the Condobolin gold and base metals project, in New South Wales. Under the terms of the agreement, Ramelius could earn an 80% shareholding in the project by funding A$2-million in exploration over a four-year period. The gold miner would be project manager and Clancy would be project operator during the farm-in, with the company entitled to a 10% management fee on services provided. Clancy MD Gordon Barnes said on Thursday that the farm-in agreement with Ramelius would strengthen the junior’s exploration programme in New South Wales, providing funding to test targets. The two companies were expected to start work at Condobolin during the June quarter. Once the farm-in phase had been completed, Clancy would be free-carried until a decision to mine, at which point the company would either contribute to costs or dilute its 20% shareholding. If the company’s shareholding in the project diluted to 5%, it would convert into a 2% net smelter royalty.
It is our preference that if you wish to share this article with others you should please use the following link:
http://www.miningweekly.com/article/...ect-2015-04-30
RMS options expiring 1/8/2015 .12cents, current market price.115cents. Gold price also down so I'm going with no thanks at this stage. Anyone else received these options and have a view? Mind you my holding is so small as to be meaningless. Maybe I can pick up some shares without brokerage.
Nothin like Good news to spoil a SP.
The Directors of Ramelius Resources Limited (ASX: “RMS”) are pleased to advise thatthe Company is expected to report a full year profit for the twelve months to 30 June2015 of approximately A$21.4 million.
So the shares fell 4.3%
More so on the US gold price sentiment many see the fall to continue to sub $1000oz before the next Bull market in the PM which must be just round the corner >>>
Good buying with a longer term outlook
A director's spouse buying - always a good sign.
http://www.asx.com.au/asxpdf/2015090...pc9xxh13mn.pdf
Discl: holding.
Yes I will feel the same, as we had the whole of July where they were 'on sale' at 11c. Would be very nice to hold them 'Free carried'.
Have you looked at their neighbor KDR?
I'm wondering if RMS may be looking to get some of their 'bothersome' pile of cash off their hands and pick up some more dirt.
(I would rather have a dividend though)
Whatever management decide it sure has been a nice little turn-around.
Yes I am interested in KDR ..be a perfect fit for RMS ... so likely takeover target on decent drill results .... got a sell order for half of my RMS position 18.5c ....be good to have some spare funds to day-swing trade next couple of days of work ....
18.5 just went! I plan to be a tad more greedy, buyers still outnumber sellers 2:1
will be happy if my sell gets hit. (over 20.0c)
will then need to have a look for another incoming tide.:t_up:
Yes got my 18.5c order filled good luck on the 20c+ ..... personal think after such a strong charge higher we could well see RMS trade this range for awhile 17-19c etc and not break 20c till we either have 1660oz+ AUD Gold or RMS higher grade projects successive ann. or ..... drill results impress etc
looking likely to see 17.5cor lower today
Well Done JB -RMS closed at 18c but didya see kdr go in the last hour (up 27%)
That's going to draw a bit of attention to them.
Rms is tracking the AUD Gold price so,
I can wait a little longer. :)
Good to see ended up taking the RMS funds and making a quick overnight trade in STO ...then put the profit and all the funds back into RMS @17.5c ...the depth looked open to 19c+ ...within next couple weeks RMS should ann. pre Qtr report always good for a push higher maybe to 20c+
19c close to the week ...thought I was smart selling half my position 18.5c (did swing trade same position day before buy 17.5c sell 18.5c)
Gold was looking weak AUD ..but overnight Friday boom time >>> think we will see RMS recent momentum push past 20c early week ...continue strength in the GP ....maybe even mid 20's
Personal don't think the Sept Qtr results will keep some of the weaker/trader hands happy as to major outgoings to new projects so likely cash will not increase at all ...natural consolidation phase after such a strong period of growth low teens to low 20's may add to pull back ....
...may well trade to it if I'm right could well make a tidy profit
'maybe even mid 20's '
----> hope so! only @ 3.5m for sale up to 23c so if the aggressive buyer from last week wants more, we should get there.
dyor ihaniwiata.
Yes will be happy to sell my other half @23-25c see how it plays out next week >
Where did those 38 buyers above 18.5c come from?
This still has some juice in it.
perhaps heading back to auld levels?
Yes certainly has run even better than I expected 20.5c close .....up over 300% on my first purchase ....got other half up for sell 24.5c ...some 9mill traded today ...see how next few days go RMS continues on trend might well reach my short term target this week at this pace..
then I'll be back buying after the Qtr report or pullback
This is 'new-grounds' for me, jb if quarterly is vgood would you buy back in above your exit price?
...must not 'fall-in-love' with a stock, but if it is still running north....I want to be on the gold train!
Hard to know till the time comes ...but very unlikely RMS SEPT QTR will be anywhere as good as the DEC 15 QTR or the older JUNE 15 as to the outgoing costs to the new projects , higher AISC ,low to nil cash increase
...now we aren't to far away from 100% Growth in RMS Market value... basically on small uptick in the Gold Price and some very promising drill results deeper at Mt magnet ..The RIU Presentations certainty woke up the market.........
Then add in market sentiment change in the PM sector and major Seller finally all out of shares .....then Momentum Traders joining in ....
Now when will it peak and take a breather as they always do... my pick is sooner than later (Pre Qtr report likely 2nd week of OCT ).... then IMHO RMS should go back to trading a range till the DEC qtr low -mid 20's etc this is my pure spec short term outlook ...I'm bullish longer term 2016-17 BUY and Hold for Investors
RMS having a healthy re-trace, but good news would help. (obviously)
and my other 'new-toy' KDR had a very strange day.
What looked like very good news in the Operations Update, caused a spike and half my holding sold, then just 2hrs later fell back to open price, and then closed up 7.4% on the day.
Still good news is good news!
gutted I didn't take the 20.5c when I had a chance today ....was looking like it was running out of steam ...moved my sell order to 21.5c thinking I might get lucky today but like I thought down she went ...still GOLD is moving again could well bring back the Buyers tomorrow
Looking back I actually think we will get a pre - Qtr update this week ....has been come out on the 8th last two times
gutted I didn't take the 20.5c when I had a chance today ....was looking like it was running out of steam ...moved my sell order to 21.5c thinking I might get lucky today but like I thought down she went ...still GOLD is moving again could well bring back the Buyers tomorrow
Looking back I actually think we will get a pre - Qtr update this week ....has been come out on the 8th last two times
I am no expert, but have the feeling this is still going up for a while longer.
With uncertainty all around, RMS looks like a rock that quite a lot of money
will be heading to. I have a small sale in place at .23 but still feel that could be taken
this week.
Yes should get Guidance of Sept Qtr today if market likes could well see another spike higher 21-23c etc ... looking at the recent history of RMS when I first brought in round 5c many didn't see the upside ...then with a turnround in the Qtr results from losses to profits the Market woke up and drove RMS to 10c-15c ....then of cause we had a long period of consolation and trading that range ....I think this will happen again 18c-23c etc here for the next few months till early next year ... unless the AUD Gold Price moves hard or we have stellar results from exploration etc 25c+ won't be seen to 2016
Good move in the US Gold price , even though the AUD has strengthen leaving the AUD gold price under 1600oz ....I think RMS interest should see it break 20c again today ....
Ended up buying another 60k @18.5c on friday ...the last ann was very impressive with Cash balance now at 39mill!!! and that's with development of the new project soaking up a good chunk of funds >>
this has come about with a much lower AISC than expected and better sale prices > think I could well be wrong on 25c target now more likely before Xmas >>
tick tick BOOM 22c and rising
:) The Golden horse keeps on galloping -
Yeah has been one impressive ride ..got a hard time from many a poster back in the 5-6c days predicting RMS would head well north >>
now after many times over the years I'm all out of RMS @ 22.5c ...all the funds went into PRU @ 39c >>>
Think RMS will keep in the mid 20's till next year and my bet no higher than 30c till FEB 2016>>>>
Wow, and thanks! JB, I bought in at .125 and averaged down at .115 ....Then Bang! as i have said on other posts I am used to 4% / year in the bank :)
Looks like persyus (sp) had a nice lift so congrats.
I may put up a post on my new 'toy'
(97mil in cash, no debt, MC 120m, --black gold)
;) ;)
RMS trading back down to 20.5c if only I took my profits on PRU 44c I could have jumped back across aargghh>>>PRU back to 39c
Sold all out of PRU 41.5c & 40.5c ...now both PRU / RMS moved down with the Gold price
..brilliant BUY now IMHO if I could just free up some cash this mid teens area is looking great Buying again
and low 30's for PRU
Both companies have large cash balances Nil debts and good forward plans in place to continue to make fat profits
You called it again! Looks like there may be good news at 'milky-way' ????
Ha Ha .... Bonanza!
22m at 55.05 g/t Au from 112m, including 9m at 126.6 g/t Au!
Geezz so wanted to BUY @ 17.5c ,,,,but couldn't get other shares sold
52week high on Fri, and still looks in demand at over .40c
Disc I reluctantly let half my holding go Fri,
- May not get a significant pull-back
and who knows .49c May be next pause!
I have really enjoyed the ride, but going back to the start of the thread,
---we have been here before! (makes gr8 reading)
GLTAH DYOR and IHANIWIATA
Congrats so far so good penn. Taking money off the table is sensible for any sector imo, even Goldies. What does IHANIWIATA mean?:confused:
Im making money on OGC now but have away to recoup on BDR and MML atp. Volatility rules great for fast traders but that I'm not . How are you going JB?. PRU one of the few not doing much atm.
Holding truckloads of NKP/MKO currently.... NKP not very good of late but more so illiquid fear trading more so than any fundamental value ..
I'm confident they will come right before mid year ....MKO has gone very well of late with much more to come ....
Am looking to add a good chunk of change to my account ....certainly be buying some more NKP average down my 9c position
PRU has run of late and IMHO thinking TRY-PGO might well be on the BUY list
Time to go shopping for RMS again >> good support at these levels should bounce hard once the big ETF holder ends it's rebalance....
IMHO AUD will drop to the USD on FED increasing rates to flatlining rates in Aus ....funds will outflow AUD >> GOLD AUD should crack on along with US Gold keeping strong in the face of FED rate risings like in the past
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