Buyers continue to jump into the action and push price higher

Current Active Alert Management RMS

Time Frame : Daily

Company Overview : 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.

Broker Consensus : BUY

RMS – Ramelius Resources Limited

RMS is having another solid day as buyers continue to jump into the action after the Gold rally Friday night. We are happy to look to lock in some gains at 1.03 and also to raise the risk level and move the stop loss to 0.825. Watching for further buying into Gold as price has broken key resistance levels.

Stock Code : RMS – Ramelius Resources Limited

Company Website : www.rameliusresources.com.au

Current Price : 0.97

Previous Buy Entry (Trigger Level) : 0.875

New Potential Sell Exit Zone (Stop Loss) : 0.825

New 50% Partial Exit Zone (Target) : 1.03

Status : On watch for Continuation Higher

Alert History

Previous Alert 27/05/19

RMS has kicked higher through the buy entry level at 0.875 so the alert is now active. The Stop Loss is held at 0.79 and the current price is at 0.88.

Original Alert 27/05/19

New Buy Entry Alert RMS

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $544.79 Million Market Cap, VWAP 0.85, ASX Ranking 340, 4 Week Av Turnover $1,424,050, Current Turnover (Intraday as at time of alert) $1,246,991.

Company Overview : 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.

Broker Consensus : BUY

RMS – Ramelius Resources Limited

RMS is on the move as gold pushes higher and buyers support higher levels. Price has underperformed some other favorite gold stock such as GOR so we are looking for price to play catch up. We are happy to buy on a push up through 0.875 and will hold the stop loss at 0.79. If price pushes below the 0.79 prior to entry, then cancel the alert and we will re-assess the action.

Stock Code : RMS – Ramelius Resources Limited

Company Website : www.rameliusresources.com.au

Current Price : 0.86

New Buy Entry (Trigger Level) : 0.875

Potential Sell Exit Zone (Stop Loss) : 0.79

Status : On watch for Buy Entry Trigger