Probably its also to do with the fact that at almost $100million in cash,,, the CR was a big surprise in the case of RMS. Add into that the fact that RMS owns a stake in DRM, some minor problems at Wattle dam and now no-one has any idea what on earth is going on. I just wish the management would have the decency to start releasing some news on what the intentions are, and I mean real intentions not the 'its for mt magnet rubbish', because that doesnt need $140million in cash to improve after most of it has been paid for.
In my opinion the share price hasnt fallen just because of the CR, but more so because no one seems to have an idea where we are heading. Im especially stumped about the DRM stake after living through the Dioro fiasco, and more so since the whole market now knows about this stake.
Im giving management the benefit of the doubt but im not warming to these 'surprises', most of which are looking more on the negative.
RMS Price at posting:
$1.15 Sentiment: None Disclosure: Held
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