I've read the comments by dunnycan, and while I agree that RMS should use their excess cash to buy a quality near to production producing asset, that is exactly what they are trying to do.
RMS are currently looking for just that, and at the moment these assets are not easy to come by.
There are many cashed up Local or Chinese backed Coys currently looking for these type of assets.
RMS have successfully brought attention back to their coy with their 5c capital return (it could have been 25c) but post cap. return will have a minimum $65 million war chest to purchase an asset.
Also Wattle Dam is now producing high grade gold, so the coffers will be supplemented by millions $
I think for RMS holders, wait for an aquisition, the reports of the high grade mining results, underground drilling results, and now more detail on the new partnerships they have recently made
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B |
Open | High | Low | Value | Volume |
$1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 72964 | $1.92 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.93 | 42195 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2662 | 1.915 |
2 | 4662 | 1.910 |
1 | 2662 | 1.905 |
2 | 7925 | 1.900 |
1 | 2662 | 1.895 |
Price($) | Vol. | No. |
---|---|---|
1.930 | 31462 | 2 |
1.935 | 37695 | 3 |
1.940 | 9662 | 2 |
1.945 | 28145 | 3 |
1.950 | 16414 | 5 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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