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
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.514B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3771 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 319256 | 8 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |