Originally Posted by
Bobcat.
Reuters have RMS with an NTA of 45c, which if correct is attractive.
Mt Magnet increased its revenues which is positive but RMS's net loss increased to $51m off revenue of $136m and with an actual production cost of $1,870 against a budget of $1,200 profits are some way off.
Even with good cash reserves an 'entitlements' issue of 1:4 at 18c is required to fund their Vivian project.
Trading today at 18c. I might just put in a cheeky bid to pick up a bundle at 17.5c but it will be for just a small bundle. GRY and FML are in my opinion a better buy.
Cheers,
BC