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Business Description: Ramelius Resources Limited (RMS) is a gold mining and production company with its primary production being focused at the Mt Magnet goldmine. RMS also holds a portfolio of other development projects in Australia and USA.
Strategy Analysis: Ramelius Resources strategy is to establish an early revenue stream from low risk and low cost advanced projects. This has seen it commence mining at the Wattle Dam gold project in Western Australia. RMS aims to focus on discovering high return, gold focused assets in proven mineral provinces. New discoveries and acquisitions will be the main driver of growth. The company hopes to increase exploration, whilst being funded from production. RMS' main focus is on the high grade, underground Wattle Dam project, which it believes has a 1Moz potential. The company is currently mining Wattle Dam as a small open put operation. .
Ramelius Resources reported a net loss of $5.73m for the half-year ended 31 December 2012. Revenues from ordinary activities were $77.47m, up 68.25% from last year. Diluted EPS was (1.7) cents compared to 5.3 cents last year. Net operating cash flow was $30.73m compared to $23.67m last year. No dividend was declared.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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