Jess9
17-08-2010, 09:21 PM
Ramelius Resources - Gold Miner:
No debt.
Newish operating miner, no hedging and getting in earning loads of cash right now.
High grade mine.
Mill etc paid for and in place.
Gold price over $1225 and climbing @ 17/8/10
... safe as can be, in the current winds.
New resource and reserves and mill facility added from recent Mt Magnet takeover (cost approx $40M paid with operating cash)
Lots of drilling, underway, planned and best of all fully funded from operating sales.
Low shares on issue.
Cap return of 5c per share paid on 20/8 (total of around $15m, again paid out from operating cash) - some holders very likely to buy back in.
Charts look very good.
Close today 51c Aus.
Acreage sits next to Silver Lake Resources SLR a similar coy but somewhat ahead (was approx. 20c now $2+ish share).
http://www.rameliusresources.com.au/
Disc, hold a small parcel as of today.
UPDATE
RMS is now 62.5c (2 weeks later and after hitting a high of 69). Trading volumes also continue to rise. This is a safe multi-bagger - uncommon to include both those words together : )
May try and get a few more, around 60c and if possible next week.
Since last fortnight RMS has had several positive broker recommendations released.
It is just announced/starting a 3-4 month MASSIVE drill program, all funded from operational gold sales...they are creaming about $8m AUS a month!!
The drill program will add to the 3.5m total reserve and resource they currently have and are mining.
RMS.AU - pure Ozzy gold miner - a good read over for the weekend.
No debt.
Newish operating miner, no hedging and getting in earning loads of cash right now.
High grade mine.
Mill etc paid for and in place.
Gold price over $1225 and climbing @ 17/8/10
... safe as can be, in the current winds.
New resource and reserves and mill facility added from recent Mt Magnet takeover (cost approx $40M paid with operating cash)
Lots of drilling, underway, planned and best of all fully funded from operating sales.
Low shares on issue.
Cap return of 5c per share paid on 20/8 (total of around $15m, again paid out from operating cash) - some holders very likely to buy back in.
Charts look very good.
Close today 51c Aus.
Acreage sits next to Silver Lake Resources SLR a similar coy but somewhat ahead (was approx. 20c now $2+ish share).
http://www.rameliusresources.com.au/
Disc, hold a small parcel as of today.
UPDATE
RMS is now 62.5c (2 weeks later and after hitting a high of 69). Trading volumes also continue to rise. This is a safe multi-bagger - uncommon to include both those words together : )
May try and get a few more, around 60c and if possible next week.
Since last fortnight RMS has had several positive broker recommendations released.
It is just announced/starting a 3-4 month MASSIVE drill program, all funded from operational gold sales...they are creaming about $8m AUS a month!!
The drill program will add to the 3.5m total reserve and resource they currently have and are mining.
RMS.AU - pure Ozzy gold miner - a good read over for the weekend.