RMS - Ramelius Resources

[Baggy]

Anyone got any thoughts on this one.Ann this morning 10,000 ounces of gold more than expected.

 

[tech/a]

RMS

In pre open pending news
Heavy buying side.

Any info around on this?

 

[nizar]

Re: RMS

In pre open pending news
Heavy buying side.

Any info around on this?

chart looks beautiful, strong stage 2.
Oh do you mean fundamental info?
I thought that didnt matter, and u just trade watever is moving..!

 

[tech/a]

Re: RMS

Well currently its not moving at all.

Often you can get an idea of the strength of a quick move by the volume build up. But in this case it seems disappointing.

Just wondered why it was in suspension.

 

[doogie_goes_off]

Now that is an amazing announcement! 48m @ 154g/t gold...

I can not believe the grades.

Long projections can be decieving, but it looks like it's in a relatively coherent zone, did anyone get on pre the trading halt?

 

[Sean K]

Now that is an amazing announcement! 48m @ 154g/t gold...

I can not believe the grades.

Long projections can be decieving, but it looks like it's in a relatively coherent zone, did anyone get on pre the trading halt?

Extraodinary. And how about 1m @ 1783 g/t, or 1.8 kg/t equiv! Never seen anything like it. Must be an error. LOL. Up 60% is probably justifiable.

 

[chops_a_must]

Extraodinary. And how about 1m @ 1783 g/t, or 1.8 kg/t equiv! Never seen anything like it. Must be an error. LOL. Up 60% is probably justifiable.

Must have drilled another Golden Eagle accidentally. Lol!

Will be interesting to see further drill results. One for the watchlist certainly.

But Coolgardie tends to come up with some pretty big nuggety finds... so you wonder if the drill actually did catch a number of these. Unreal none the less.

 

[trader]

This could be a $10 a share company, they seem to have enough money to
start minning and if these grades are right they will have no trouble to get
money in the bank so that they can expand. Their cash cost must be very
low as compared to others. Also only about a 100 million shares.
Would not surprise to see it go above $2 on monday.

 

[Punter]

This could be a $10 a share company, they seem to have enough money to
start minning and if these grades are right they will have no trouble to get
money in the bank so that they can expand. Their cash cost must be very
low as compared to others. Also only about a 100 million shares.
Would not surprise to see it go above $2 on monday.

I'm puzzled why you didn't get pulled up for that $10/share ramp($1bn mkt cap???). I mean a quick glance it looks there must be some kind of error/its an isolated hit, as their other hits were just normal/standard. at the end of the day it will be valued for the overall resource "gold equivalent ounces", how much are they looking at? To justify $10, you need about 5million ounces at least.

 

[Joe Blow]

This could be a $10 a share company, they seem to have enough money to
start minning and if these grades are right they will have no trouble to get
money in the bank so that they can expand. Their cash cost must be very
low as compared to others. Also only about a 100 million shares.
Would not surprise to see it go above $2 on monday.

Trader, Punter is correct. Price targets must be backed up by some kind of analysis so others can see your reasoning. If you are going to say RMS is potentially a $1 billion company you are going to need to explain in detail why you believe that to be the case.

 

[daaussie]

Today was a quick purchase of shares from 1.30 to high of 1.66. I bought at 1.55 but then it dropped later to 1.45. Should I hold? or sell?

 

[disarray]

the share price is in virgin territory so who knows what is going to happen. they have literally struck gold and the market is trying to decide what its worth. from the $1 open to the $1.66 spike to the 1.25 - 1.50 2 day range its going to chaotic for you daaussie. while the moving averages have been blown out of the water the volume and relative strength look good. it might be worth setting up a protective stop somewhere high or a drop down to the $1 breakout will nail you to the wall, but for better or worse you are in for a ride i think. i wouldn't touch this stock with a barge pole at the moment

as a side note there has been a flow on to AAR which is right next door to the RMS site. they have turned around for another look at the deposit they have just finished assaying and is connected to the RMS one. AAR was issued a speeding ticket the other day and they blamed the RMS news - they are down a bit the last 2 days but looks like its getting ready to test 8.01c resistance. a break through would be sweet given the fact its blue sky, reasonable chart and solid fundamentals.

 

[Baggy]

Now that is an amazing announcement! 48m @ 154g/t gold...

I can not believe the grades.

Long projections can be decieving, but it looks like it's in a relatively coherent zone, did anyone get on pre the trading halt?

I got onto this one last August at 0.20 it justifies the wait and now I am laughing all the way no matter if it goes up or down from here, but I think it will cease at 2.30 midway next week. Baggy

 

[Baggy]

RMS has just requested a trading halt. Hopefully its up up and away this time and might also have some impact on AAR sp as well. Baggy

 

[black panther]

Hey Guys,

I am new to ASF, have not had much experience with the share market.
I was just wondering whether anyone knows why RMS has had a trading halt and when it is expected to re open?

Thanks
BP

 

[TheAbyss]

Announcement out


HIGHLIGHTS
Wattle Dam Gold Mine Evaluation Drilling
• Visible Gold identified in drill holes WDRC249; WDRC289 and
WDRC290 at depth over a strike length of approximately 50 metres
and adjacent to hole WDRC226 which intersected 48 metres at 154g/t
gold from 148 metres depth.
• Diamond drilling program scheduled.
• Analytical results pending.
Corporate
• Maiden Dividend to be fully franked.
• Record Date for free Bonus Options is 3 August 2007.
• Return of Capital pending receipt of ATO class ruling.

 

[powerkoala]

guess nobody following this SP,
nice news today, confirming there is gold in wattle dam.
still waiting for 7.5c return from ATO
and currently up around 20%.
good luck to all holders.
i am still holding too

 

[Mazrox]

Hi PK

I am!! I bought this as a VERY new investor back at the end of October 2006 at about 36c. It has to be my favourite stock!

I sold off my initial investment and took a bit of profit when the first big announcement came out, so what I have left is free-carried. I just watch it grow now!

I think you could say I hit a 6 with this one...

Maz

 

[powerkoala]

can someone please help me?
if i buy today, will i still be eligible for bonus options and capital return?
thanks

 

[Mazrox]

I'm fairly new at this, PK, but my understanding would be yes. You buy today on T+3, settle Thursday 2nd, Record date is Fri 3rd, so you'd be OK.

Maz