I love a bit of speculative M&A rather than Dividend for RMS, they still have very good script value and bulk cash to merge/buy another producer or developer. To me, as a follower of RMS I see soo many options for this company, which have been discussed to some extent on these threads, but I have no idea what they will choose.
1. Buy or merge with a producer - PNR possibly fits the profile as a tack on project, get a whole greenstone district to explore, potential for long life if Norseman ground is drilled smartly. Future guidance getting up to 150koz pa. Will they fight with WGX/Karora for the asset?
2. Buy or Merge with developer - Obvious one is the neighbor in Spartan - 1.6M Oz+ gold and counting - infrastructure ready - but will be paying 800M plus, too expensive now? Gold production from Never Never potentially end 2025?
3. Build mill at Lake Roe/Rebecca - realistically they'll need something in between but who knows.
4. None of the above...
No numbers here just broad speculation to get some more chat going
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Last
$2.10 |
Change
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Mkt cap ! $2.404B |
Open | High | Low | Value | Volume |
$2.09 | $2.10 | $2.07 | $3.711M | 1.773M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 16807 | $2.08 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.10 | 43998 | 10 |
View Market Depth
No. | Vol. | Price($) |
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1 | 32 | 2.200 |
3 | 331 | 2.150 |
1 | 2977 | 2.140 |
1 | 668 | 2.130 |
1 | 2 | 2.090 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 274 | 2 |
2.040 | 601 | 3 |
2.080 | 2 | 1 |
2.090 | 7443 | 1 |
2.100 | 15687 | 4 |
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