If it's Plutonic that's going to put me into a very big quandary about my holdings in RMS.
If NST can't see a future in Plutonic we shouldn't touch it either. A very complex ore body that has had its day IMO. I said very early on when posting on NST that Plutonic was a mistake and it's proven to be true. If they off load it onto RMS for $50 million we have been had IMO. They paid $25 million and it has added nothing other than making NST's production look bigger.
http://www.nsrltd.com/wp-content/up...CACQUISITIONMAKESNORTHERNSTARA200,000ozPA.pdf
This could explain why NST's share price has got smashed. If they sell Plutonic their production profile takes a hit and the dumb arsed market just looks at the headline production numbers and not what they mean. You know all those meaningless ratios they like to bandy around look worse but in fact the company is strengthened by shedding dead weight.
Eshmun
Ann: Trading Halt-RMS.AX, page-28
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Last
$2.25 |
Change
-0.070(3.02%) |
Mkt cap ! $2.598B | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.35 | $2.24 | $5.491M | 2.410M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5376 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.26 | 1578 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |