Money talks and the significant volumes and price rise over the last week have clearly demonstrated that there is now some very large buying around for RMS.
My broker understands that all the SPX vendors and biggest shareholders have been approached about their holdings. A broker transaction search of the ASX on Monday will identify which firms have transacted over the last week
RMS have also been giving some private briefings at broking firms, because they know they are looking very cheap compared to peers. I’m hoping for a new guidance very soon that incorporates the Penny West mine plans, so we can get rerated ASAP.
RMS has a wide open register and a likely exponential increase in profits now in 2021/2022, so it must now be an attractive takeover target itself.
A very big buyer around?
Add RMS (ASX) to my watchlist
 (20min delay)
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Last
$1.91 |
Change
-0.150(7.28%) |
Mkt cap ! $2.182B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.06 | $1.91 | $13.90M | 7.134M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 123532 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 30928 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$1.92 |
Change
-0.150 ( 6.33 %) |
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| Open | High | Low | Volume | ||
| $2.03 | $2.06 | $1.91 | 1369270 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| RMS (ASX) Chart |