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Gold/Mining/Energy : Real Del Monte - silver turnaround (RMM.TO)
RMM 14.14+0.1%12:40 PM EST
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To: Mike Hermann who wrote (3)5/2/1999 4:48:00 AM
From: baystock  Read Replies (3) of 22
 
RMM is owned 75% by a Mexican company GAN or something like that. And GAN is a billion dollar company. I think the main risk here is that gold and silver prices don't recover soon and so RMM keeps losing more money and adding to their already substantial debts. This stock is definitely very speculative. But with a market cap of only $5 million, it had 60K OZ of gold and 2 million OZ of silver production last year. So there is a lot of upside if they don't go bankrupt or undergo massive dilution of the shares outstanding before metal prices go a lot higher.
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