Respectfully @tolate , I think you may need to understand that RMS & SPX sp's are now by way of the offer, and the mechanics of the market, approximatly paired in value.
RMS is the dominant force in this relationship.....
If RMS goes up or down, SPX will follow.
RMS sp at closing today is $1.405
SPX sp at closing today is $0.15
The 'offer' values SPX at 1/10th of RMS's sp + $0.017 / SPX share (1 RMS per 10 SPX + 1.7c per SPX share)
Todays 'offer value' at closing is:
(1/10 × $1.405) + $0.017 = $0.1575
So $0.0075 higher than SPX's closing price.
Dont be laughing at "RMS in the red....lol"
If RMS goes down.... so will SPX.
BS
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $34.59M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 1.0¢ | 0.7¢ | $98.44K | 11.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1982955 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1899502 | 4 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SPX (ASX) Chart |