Cash at Sept quarter was $90 million
Share purchase plan 17/11/2011 $30 million
Rms cash on hand as of 25/11/2011 $112million
Rms did not need the cash to expand. They could have used reserves and where is this extra $30 million.
Even if they dug into the $90 million that would leave $60 million.
Ok its pure speculation. Futhermore its almost like there are gaps in the financials, they dont really show the $30 million captital raising. The bank balance doesn't really reflect the increase in capital. Could be wrong but its a thought. What are your thought.
i speculate a new acquisition
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$1.94 |
Change
0.075(4.02%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.94 | $1.88 | $6.442M | 3.348M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13041 | $1.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 44693 | 3 |
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