So the selling is continuing today and now down to 8.5c - (no doubt most sellers racking up hefty % capital losses) maybe due to just giving up to minimize the pain or taking advantage of year end tax losses.
Market Cap values the company at around $12m including a bit less than $3m cash, the market must reckon RDM's mining leases are worth a lousy $9m - and maybe even that has some blue sky in it ?
I guess the market is always right , but where do people see this thing going ? It's not as though there is a large institutional shareholder base who could be called on to fund future mining investments....apart from a couple of holders, the top 20 seem to be mainly a collection of execs / related parties, or what appear to be SMSF's on a punt like me. So far its' been a pretty sad history with nothing to show but mega accumulated losses over the past 10 years.
So who are the buyers then - do they think this is a bargain, or are they existing holders averaging down and hoping for some good news down the road ?
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $47.92M |
Open | High | Low | Value | Volume |
16.0¢ | 16.5¢ | 16.0¢ | $27.85K | 172.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7041 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 32355 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7041 | 0.160 |
5 | 160117 | 0.155 |
8 | 1436226 | 0.150 |
2 | 30000 | 0.140 |
2 | 120000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 32355 | 1 |
0.170 | 62722 | 2 |
0.175 | 25000 | 1 |
0.180 | 102000 | 3 |
0.185 | 279297 | 4 |
Last trade - 15.41pm 19/07/2024 (20 minute delay) ? |
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RDM (ASX) Chart |