For anyone in doubt have a look at a quarterly chart of RMS back to 9 cents in 2004 you will see why I am such a fan. Back then I accumulated at 9 cents because they seemed to have assets and good management and they obviously did as was reflected by the share price in 2007 of $1.90. As with all stocks they were hit by the market and by 2009 were back at 40 cents (Another great time to accumulate)Back up to $1.70 by 2011 and now back down to 40 cents. If you look at the charts I hope you will notice that the historic support at 40 cents is remarkable which is why I feel very confident that the true value of RMS will be realised again at some stage in the future. I don't know when but I am certain the downside is very limited . The assets and fundamentals for this company are now quite different to when they had one mine at Wattle Dam they have a variety of assets and a wide spread of exploration thus reducing risk significantly . RMS has plenty of cash and is I suspect now cash flow positive on a daily basis giving them a lot of power with regard to future developments or acquisitions. I believe the future looks very rosy particularly if the price of gold holds at current levels.
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Last
$1.85 |
Change
-0.005(0.27%) |
Mkt cap ! $2.117B |
Open | High | Low | Value | Volume |
$1.83 | $1.87 | $1.82 | $4.170M | 2.260M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2644 | $1.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.85 | 8916 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2644 | 1.840 |
3 | 19644 | 1.835 |
7 | 49885 | 1.830 |
4 | 36644 | 1.825 |
2 | 22109 | 1.820 |
Price($) | Vol. | No. |
---|---|---|
1.850 | 8916 | 2 |
1.855 | 10900 | 2 |
1.860 | 82448 | 8 |
1.865 | 22644 | 3 |
1.870 | 21101 | 2 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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RMS (ASX) Chart |