Last 3 days have seen bot trades and 27m shares traded. Lets get real this is only 4% of total shares issued so I do not think any nstos have dropped out.
I reckon the price at 3 June of 98.5 cents has been continually managed down by bots with 42m shares traded from 3 June to now representing 6% of shares issued.
I think RMS is worth a $1 now and + if it finds more gold.
This may be a takeover strategy. Drive the share price down then make a cheap takeover offer. These companies get away with selling their shares to themselves because they only care if the price goes down for takeover.
The 5 year plan maybe a clean the decks strategy for the RMS management but it has left RMS open to this debacle.
I am holding because I think this is a manufactured stall in sp and there is at least a 33 cents upside in a few months when the dust settles.
Keep The Faith
Gold Investors Unite
Bot trades for takeover strategy
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.40 |
Change
-0.010(0.41%) |
Mkt cap ! $2.755B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.42 | $2.34 | $10.32M | 4.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.41 | 25502 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |