RMS 3.96% 97.0¢ ramelius resources limited

Ann: Ramelius makes Recommended Takeover Offer forSpectrum Metals, page-109

  1. 959 Posts.
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    I think your starting to talk through your pocket now that you say you have nearly exited RMS.
    Comparing RMS
    to RRL and SBM is a bit premature imo.
    RMS as at today 658M shares @$1.26 =
    MC 829 M$

    RRL as at today 508.2 M shares @ $4.29 = MC 2.18 B$
    I see you state that your going to ride them to $7 which would give RRL a MC of 3.55B$

    SBM as at today 669M [email protected]$2.73 =
    MC 1.82 B$
    Your calling $4.00 medium term which would give SBM a MC of 3.34B$

    RRL midpoint production guidance for F/Y 2020 is 355,000 oz
    Hedging outstanding at 31/12/2019 = 428,510 ozs @ $1,617 ... ouch!
    RMS hedging which you complain about, with good reason I might add has at 31/12/2019 239,150 ozs outstanding @$1,943.

    RMS production guidance for F/Y 2021 is 250,000 ozs which I think will be upgraded and for F/Y 2022 I'm calling over 300,000 ozs with the addition of PW ore.
    I believe RMS will be in a far better place then and have its own niche position in the market at that time.
    Just hope I'm still around to enjoy it.

    Time will tell, it always does.

    Jim.
 
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