It has been interesting reading several of the comments made today by RMS shareholders and in general they indicate a lack of understanding of the gold industry and what drives value in a gold producer.
A CR can be a wonderful thing for several reasons;
- more shareholders = more turnover of stock
- large institutions that are long term holders
- CP price can set a floor to SP
- of course increased capital of company growth.
The last point is the critical one. How are gold stocks valued? Future growth and production is the simplest answer I can give, so don't worry about dilution of your shares, be happy that your company has big plans and is prepared to go out there, get into a strong position and continue to grow.
capital raising ?, page-27
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Last
$2.13 |
Change
0.020(0.95%) |
Mkt cap ! $2.460B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.17 | $2.13 | $2.349M | 1.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 67439 | $2.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.15 | 29606 | 3 |
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| Last trade - 16.10pm 27/12/2024 (20 minute delay) ? |
| RMS (ASX) Chart |
