Implementation of a new dividend policy that targets a minimum $0.01/sharepayment per annum subject to meeting mining reserve and cash/gold thresholds
Very good to hear. If RMS provides a dividend of 0.03 (yes I'm greedy) it will help push the SP up and over $1.00. Having a higher sp means less share dilution for future acquisitions. Thus the $15M outlay can be seen as an investment in the companies future.
Given RMS is a low risk investment I can see it attracting more and more attention from investors in coming quarters. Gold in australian terms is at all time highs. Whilst DOW remains skitzy we are likely to see that continue (USD is still the best port in a storm).
I think RMS management is doing a great job. Thanks Guys.
Ann: Company Update, page-42
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Last
$1.99 |
Change
0.010(0.51%) |
Mkt cap ! $2.298B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.05 | $1.97 | $10.33M | 5.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10064 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 56965 | 6 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |