Very good.
RMS has a 5% drop in one day because the RBA will likely raise rates and a small rise in the AUD spooks the market. RMS is highly volatile, it doesnt take much for large correction.
In my opinion it indicates that RMS resources are such low grade that in the event of a larger gold price correction the opportunity cost of spending cash reserves and developing some of the resources is too great. The effect will be a much lower valuation.
Ann: 2023 Annual Report, page-14
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Last
$2.48 |
Change
0.080(3.33%) |
Mkt cap ! $2.863B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.49 | $2.43 | $8.861M | 3.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23195 | $2.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 81084 | 3 |
View Market Depth
| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |