So the selling is continuing today and now down to 8.5c - (no doubt most sellers racking up hefty % capital losses) maybe due to just giving up to minimize the pain or taking advantage of year end tax losses.
Market Cap values the company at around $12m including a bit less than $3m cash, the market must reckon RDM's mining leases are worth a lousy $9m - and maybe even that has some blue sky in it ?
I guess the market is always right , but where do people see this thing going ? It's not as though there is a large institutional shareholder base who could be called on to fund future mining investments....apart from a couple of holders, the top 20 seem to be mainly a collection of execs / related parties, or what appear to be SMSF's on a punt like me. So far its' been a pretty sad history with nothing to show but mega accumulated losses over the past 10 years.
So who are the buyers then - do they think this is a bargain, or are they existing holders averaging down and hoping for some good news down the road ?
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Last
14.5¢ |
Change
-0.010(6.45%) |
Mkt cap ! $43.45M |
Open | High | Low | Value | Volume |
15.8¢ | 16.0¢ | 14.5¢ | $117.0K | 773.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32489 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 13449 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32489 | 0.145 |
2 | 29001 | 0.140 |
1 | 20000 | 0.135 |
1 | 10000 | 0.130 |
4 | 58007 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 13449 | 2 |
0.160 | 85640 | 3 |
0.165 | 33666 | 1 |
0.170 | 66422 | 3 |
0.175 | 75000 | 2 |
Last trade - 15.15pm 25/07/2024 (20 minute delay) ? |
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RDM (ASX) Chart |