The Global Gold share indexes will be re-set in the middle of June, along with the ASX 200 index.
This process happens quarterly and allows institutional investors the opportunity to reweigh ahead of the upcoming September quarter.
My broker believes RMS does technically qualify for inclusion in both these indexes, so inclusion in both around the same time would create a tsunami of buying in the last 2 weeks of June and into July.
This could explain the quantum of buying currently, but I’m not discounting corporate action either.
RMS will put some icing on the cake with a 5 year mine plan late June that will enable the more conservative Australian institutions take up a position too.
i still think that RMS stole Penny West and the implications will start to reflect in that upcoming mine plan.
Well done RMS management and congratulations to all .... it feels like I’m going shopping today
A perfect storm heading our way?
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Last
$1.94 |
Change
-0.020(1.02%) |
Mkt cap ! $2.220B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.95 | $1.89 | $3.558M | 1.847M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8502 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 20000 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |