Ann: Trading Halt, page-118

You started the cross promotion with your first post. It seems as if we are now talking about RMS, how did that happen? If people buy RMS they do it at their own risk IMO. The share price has rallied hard on the rising gold price and on significant volume since the company entered the ASX300 on programmed buying and piggy back ETF buying (US bubble funds). Fundamemtally though RMS have a very hungry mill at EM which is being fed currently with low grade stockpiles and their underground reserves at EM (in development) are very small. All other ore processing options at EM, other than Greenfinch which is still awaiting environmental approval, are uncosted. Uncosted is a polite way of saying investors are flying blind. At Mt Magnet grades have dropped as high grade production form Water Tank Hill has ceased and the company is hoping that high grade UG ore from Shannon and Hill60 (in development) will fill the gap and lift grades once again. The company has not given any specifics around these two projects and other Mt Magnet developments other than some disclosures around pre-mining CapEx costs. Investors here are also flying blind having to rely on group guidance projections with limited visibilty. That is a lot of faith in management that the current $560 million market cap is hanging off. If an unexpected reversal in the $A gold price arrives RMS are going to feel the full brunt IMO. Esh