There is an expectation rate will rise to 6% this year which will increase expectations in the stock maket and result in a fall generally of 40 to 50% which includes RMS. The asx always pays returns 3% above the bank rate which will require a stock market correction.
RMS is only paying 1% return, has high cash costs and the gold is approaching a bear market. The market will expect returns on investment of around 5% from RMS. RMS has been in prodduction for a number of years and not delivered any great results.
My prediction of 45 cents is very conservative considering my gold price prediction is $1350 usd ounce.
Price target 45 cent
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Last
$2.33 |
Change
-0.090(3.72%) |
Mkt cap ! $2.691B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.41 | $2.31 | $7.130M | 3.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24716 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 35394 | 1 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |