RMS 2.05% $1.92 ramelius resources limited

Yes, they are trading at this price today but who knows tomorrow...

  1. 1,338 Posts.
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    Yes, they are trading at this price today but who knows tomorrow or the next day or next month. Could be below .20c.

    He is obviously comfortable that the company is pointed in the right direction whether he acquired the shares at a discount to market or not.

    The point is that as a director he is held to different standards in terms of liquidity to realise any profit particularly from a holding now of 2m shares.

    If he sees the share price plummet, there is a charter to be adhered to and a corporate governance responsibility that he can't just unload his 2m shares on market in a flash. If that was the case and all directors did that, there would be no company.

    He has exercised his options at 2 X the low of .10c.

    I think you are struggling to come to terms that as a director you are held to different standards and responsibilities than the average punter buying for .20c and selling for .40c+.

    Also, in terms of market capitalisation, the dilution is minimal at best.

    If you are uncomfortable about your investment, perhaps you should seek to place your funds elsewhere.

    IMO DYOR
 
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Last
$1.92
Change
-0.040(2.05%)
Mkt cap ! $2.191B
Open High Low Value Volume
$1.96 $1.98 $1.92 $4.609M 2.381M

Buyers (Bids)

No. Vol. Price($)
5 54792 $1.92
 

Sellers (Offers)

Price($) Vol. No.
$1.92 7992 1
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Last trade - 16.10pm 23/07/2024 (20 minute delay) ?
RMS (ASX) Chart
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