With very solid gold producers still losing 3-5% daily I feel a wave of PM takeovers and consolidations is imminent.... just a matter of who blinks first. RMS is now trading near to times 2 earnings. And it not like it's short of cash either. It's becoming a joke how cheap some of these well run mid tier miners are getting.
I think the $100mil loan facility should be deployed to snap up a local competitor to create that illusive '3rd hub'..... otherwise RMS will get eaten up themselves.
Gold correction to $900 to $1100 usd ounce.possible., page-51
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Last
$2.17 |
Change
0.020(0.93%) |
Mkt cap ! $2.491B | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.18 | $2.15 | $3.371M | 1.556M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30053 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.17 | 144532 | 8 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |