What does RMRO mean in ASX SYMBOLS
RMRO stands for Ram Resources Limited, a mineral exploration and development company based in Australia. The company was founded in 1989 as Golden Gates Metals Limited and changed its name to Ram Resources Ltd in 2001. RMRO is focused on acquiring, exploring and developing advanced-stage gold projects in the state of Victoria. It operates through two stages of exploration including Grassroots Exploration, which involves early stage work such as target identification and regional prospectivity mapping, and Advanced Exploration, which is more detailed investigation into specific target areas within a project. RMRO holds interests in several projects located in Victoria such as the Ballarat Gold Project located near Ballarat, the South West Gippsland Project located near Sale, and the Cobblers Project located near Bendigo.
RMRO meaning in ASX Symbols in Business
RMRO mostly used in an acronym ASX Symbols in Category Business that means Ram Resources Limited
Shorthand: RMRO,
Full Form: Ram Resources Limited
For more information of "Ram Resources Limited", see the section below.
» Business » ASX Symbols
What Does RMRO Stand For?
RMRO stands for Ram Resources Limited, which is an Australian mineral exploration and development company that focuses on acquiring new exploration prospects throughout Victoria. The company’s main subsidiary is Ram Exploration Pty Ltd., which owns various interests in potential gold projects throughout the state.
Projects of RMRO
Ram Resources Ltd currently holds interests in several projects located throughout Victoria, including the Ballarat Gold Project located near Ballarat; South West Gippsland Project located near Sale; the Bendigo Goldfield Project at Bendigo; the Pyrenees Range Project at Lexton; and many other smaller sites across Victoria. These locations contain deposits rich with gold ore that are thought to be commercially viable for mining operations. RMRO also takes part in various grassroots exploration activities such as target identification and regional prospectivity mapping to identify additional potential gold deposits within these regions.
Essential Questions and Answers on Ram Resources Limited in "BUSINESS»ASX"
What is the core business of Ram Resources Limited?
Ram Resources Limited operates as a mineral exploration and development company with focus primarily on zinc, silver and potentially other base metals. Specifically, the company is focused on exploring and developing its wholly owned projects located at Bullabulling in Western Australia and North Queensland.
What are the main subsidiaries of Ram Resources Limited?
Ram Resources Limited has two fully owned subsidiaries, namely Eloise Copper Mine Pty Ltd and Pacific Zinc NL. These two subsidiaries are involved in mineral exploration activities on both their holdings in Western Australia and North Queensland.
What is the stock market performance of Ram Resources Limited?
As of May 29, 2020, the stock price for Ram Resources was 0.009 AUD per share with a market capitalization of 12 million AUD. The stock has generated a return on equity of -8.77% over the last year.
What kind of products does Ram Resources Limited offer?
Primarily, Ram Resources offers services related to mineral exploration activities such as drilling programs and surface surveys operations. Further, they are also involved in metallurgical analysis, resource calcuations and other associated activities that help in evaluating potential mining sites for resources such as zinc, silver and potentially other base metals.
How does Ram Resources Limited generate revenue?
The primary source of revenue for Ram Resources comes from their mineral exploration activities where they charge fees for their services to clients who are looking to explore potential mining sites for resources such as zinc, silver and potentially other base metals. Additionally, they also derive revenues from product sales from their processing facilities in WA & QLD regions.
What kind of risks does Ram Resource face?
Being an early stage mining company operating primarily in mineral exploration field carries numerous risks that include commodity pricing volatility due to political or economic instability compounded further by environmental permits approval risks which could hinder progress significantly if not secured timely enough; labor shortage issues arising due to lack of qualified personnel; operational inadequacies regarding technology or any other parameter resulting into poor production efficiency; cost overruns due to various unanticipated circumstances might arise during operations; factor affecting prices such as local competition can make it difficult for RAM resources limited to maintain profitable operations as well.
How RAM resources is positioned relative to its peers?
When compared against its peers (mining companies operating primarily out of Australia), RAM resources limited appears quite competitive but relatively smaller when measured based on market capitalisation – currently standing at 12 million AUD with total assets amounting up to 16 million AUD which reflects modest presence in the Australian mining industry compared to some larger players who sourly hold majority market share amongst peers.
Final Words:
RMRO stands for Ram Resources Limited, an Australian mineral exploration and development company that specializes in finding gold deposits within Victoria's rural areas. The firm has interests in numerous projects throughout Victoria including the Ballarat Gold Project among others with their primary focus being on uncovering potentially commercially viable deposits of gold ore suitable for mining operations. Through rigorous grassroots exploration activities they are able to locate new sites that could potentially bring wealth to their portfolio as well as provide new opportunities to local communities affected by mining activities.