DRM haven't got much gold but it is in high concentration which reduces costs. With RMS's higher costs they will surely be looking for opportunities to reduce that.
RMS - Ramelius Resources
- Thread starter Baggy
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DRM haven't got much gold but it is in high concentration which reduces costs. With RMS's higher costs they will surely be looking for opportunities to reduce that.
Country Lad
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We have discussed these patterns elsewhere and I entered a few as they broke out.
Cheers
Country Lad
Cheers
Country Lad
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Sorry for my ignorance as I am new to trading/investing. What patterns are you referring to? I am assuming it is a positive indication of where RMS are heading.
Just curious, as I bought into RMS a month ago.
Thanks
Jimmy
Country Lad
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The patterns were discussed in other threads including this one.
You could say the patterns are a little on the positive side - this on is up % today and SBM with a similar pattern is up 30% in the last 2 days.
Cheers
Country Lad
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Thank you, I will look into it.
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RMS are starting to recover quite quickly towards 10c as the first main target. Some will remember paying $1.15 in a rights issue and wonder what all the fuss is about. Fair enough, hopefully you added some near the floor and I need about 16c to break even now.
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Noirua, RMS may make a dash past your break even point soon. With the US releasing the worst job data in 15 months we should see a nice tick up in the POG. If the RBA also drop rates once again, the AUD will slide and further push the AUD POG up. Right now RMS are clearing $475 AUD per ounce, and at 100k Oz a year that's phenomenal cash flow for a company priced at $54m with $30m cash on hand.
If Blackmans returns some nice low AISC open pit Oz to the reserves, that will definitely boost things. The fact it's open down plunge and down dip is also exciting. If the GP in USD can reach $1250 in the next few weeks and the RBA can drop interest rates pushing the AUD to say 0.73, that'll equate to a AUD GP of a tad over $1710/Oz.
Of course the AUD could do a back flip and start trending up, which is the only true negative for AUD gold here, but lets be honest do we think the RBA will let that happen when our big IO miners are looking sick, especially FMG? If we let the AUD strengthen, they will surely go bust and put a dagger in the Aussie cashflow. Of course there is also risk the USD GP can drop, but when that happens it's been with a strengthening USD, hence negates the AUD GP drop for the most part.
Anyway, good luck getting your break even price mate. I am sure you will see it before June at this rate, perhaps even before April is over. I'm thinking an initial next run to 19c is on the cards
If Blackmans returns some nice low AISC open pit Oz to the reserves, that will definitely boost things. The fact it's open down plunge and down dip is also exciting. If the GP in USD can reach $1250 in the next few weeks and the RBA can drop interest rates pushing the AUD to say 0.73, that'll equate to a AUD GP of a tad over $1710/Oz.
Of course the AUD could do a back flip and start trending up, which is the only true negative for AUD gold here, but lets be honest do we think the RBA will let that happen when our big IO miners are looking sick, especially FMG? If we let the AUD strengthen, they will surely go bust and put a dagger in the Aussie cashflow. Of course there is also risk the USD GP can drop, but when that happens it's been with a strengthening USD, hence negates the AUD GP drop for the most part.
Anyway, good luck getting your break even price mate. I am sure you will see it before June at this rate, perhaps even before April is over. I'm thinking an initial next run to 19c is on the cards
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Noirua, RMS may make a dash past your break even point soon. With the US releasing the worst job data in 15 months we should see a nice tick up in the POG. If the RBA also drop rates once again, the AUD will slide and further push the AUD POG up. Right now RMS are clearing $475 AUD per ounce, and at 100k Oz a year that's phenomenal cash flow for a company priced at $54m with $30m cash on hand.
If Blackmans returns some nice low AISC open pit Oz to the reserves, that will definitely boost things. The fact it's open down plunge and down dip is also exciting. If the GP in USD can reach $1250 in the next few weeks and the RBA can drop interest rates pushing the AUD to say 0.73, that'll equate to a AUD GP of a tad over $1710/Oz.
Of course the AUD could do a back flip and start trending up, which is the only true negative for AUD gold here, but lets be honest do we think the RBA will let that happen when our big IO miners are looking sick, especially FMG? If we let the AUD strengthen, they will surely go bust and put a dagger in the Aussie cashflow. Of course there is also risk the USD GP can drop, but when that happens it's been with a strengthening USD, hence negates the AUD GP drop for the most part.
Anyway, good luck getting your break even price mate. I am sure you will see it before June at this rate, perhaps even before April is over. I'm thinking an initial next run to 19c is on the cards
Looking OK I think with likely goodish results as the Aussie gold price nears A$1,600 per oz. Maybe we'll see 19c again this year but I doubt the previous high of over $2.00 will happen.
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Well, achieved 19c and moved on to 25c during last week - up over 400% from its low point, but but but down 87% from its all-time high. Seems to be beating forecasts with plenty of cash and gold in the coffers and best small cap after St Barbara - one to keep your eye on.
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Well, now at 42c but still behind St Barbara. Up about 850% from its low point, Ramelius is an all dancing goldie these days. Moved from cant get anything right to a gold miner doing all the right things. The gold price and Aussie need watching being the main driving factors here.
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It's on drugs?
What the .........
Or it it just playing cat and mouse with MML
Nuts as well but doing the opposite.. Maybe a big hand is pairing them and changing his mind every 5 minutes.
What the .........
Or it it just playing cat and mouse with MML
Nuts as well but doing the opposite.. Maybe a big hand is pairing them and changing his mind every 5 minutes.
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After a long time out of RMS I've added a few as the Aussie gold price is strong. Costs have been a factor here and a gold price around AU$1,700 to AU$2,000 is needed. The run up to 70c from 3.5c some years ago was on expected low costs of production that was not sustained, unfortunately.
explod
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Ramelius Resources RMS has turned up on the chart and with the rising Aussie gold price I expect it to do well for 2019.
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Hi Gringotts Bank, It's a chart that automatically updates. All the best noirua
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Ramelius has certainly found traction and gold stocks are still not to the fore despite a mild increase to $1300 in the gold price.
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RMS still powering on and now about 100% up since December.
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