RMS 6.63% $1.05 ramelius resources limited

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

  1. 954 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.

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