Just looking at the financials of RMS 68% decline in profit is very concerning. According would have to agree with you several posts ago the gold price is a big tail wind for this stock. Even though I hold a reasonable parcel of RMS I am somewhat surprised that dipped to .575c only to recover to .62c. The surprise being, not that I mind, that .62c seems a bit of an overshoot given the PE ratio will blow out from approx 10.40 to over 30. I cannot help thinking there is going to be a sharp correction to the downsize dare I say it.
On the production side which I know bugger all about a superficial glance would suggest a 12 to 18 month costly ramp up.
Ann: Ramelius H1 FY2019 Results, page-58
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Last
$1.98 |
Change
0.030(1.54%) |
Mkt cap ! $2.514B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.96 | $6.338M | 3.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55455 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 32563 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |
