$1,000 margin, page-26

Since 17th June (Monday) when the RMS LOM was announced until today, there had been about 51mil (54mil - 3mil:rebalancing) of shares changing hands. I would imagine that there were substantial number of unhappy ex-EXU share holders who might have felt cheated by the decision of RMS and therefore had decided to dump their RMS shares.

Though today's closing price is 73.5c, the good news is that the volume of transactions is down to just 2mil and it is also a result of the slide in gold price which impacted gold miners across the board. My opinion is that the selling actions of the ex-EXU share holders is now more or less completed and it is from here that RMS share price will consolidate and normalise (move upward) to what it should be (comparative to SLR) in the future. There will be plenty of upside going forward.

Perhaps the lesson that RMS management can pick up from here is that the announcement of such sensitive news should be done in new FY to avoid the added pressure of EOY of sales and also outside of the rebalancing of shares schedule.